Blowmolding machine and mold manufacturer Uniloy Inc. (Tecumseh, MI) announced on July 3 completion of the purchase of the U.S. and European operations from Milacron LLC. Transactions related to Mexico and India are expected to follow later in Q3 2019. Uniloy was part of Milacron until it was sold recently to private equity firms Osgood Capital and Cyprium Investment Partners for $51 million.
The new Uniloy organization will be led by President and CEO Brian Marston, a veteran of the plastics and blowmolding industry with more than 35 years of professional experience.
In the United States, blowmolding machine manufacturing will transfer from Milacron’s Afton, OH, plant to Uniloy’s global headquarters in Tecumseh, joining Uniloy’s mold manufacturing operations.
In Europe, a team of Uniloy experts based in Italy, Germany, the Czech Republic and the United Kingdom will provide blowmolding services and technology support for the installed base of machines through its aftermarket organization. The Magenta, Italy, facility will serve as the European technical center.
In Latin America, Uniloy will continue to serve the aftermarket needs of its customers through a technical center in Queretaro, Mexico. For the Asian region, Uniloy will continue to sell blowmolding machinery manufactured in India.
Marston commented, “I’m very excited to start this new chapter in Uniloy’s impressive history. Uniloy will continue to provide the same high-performance machinery, technical expertise and aftermarket support that our customers expect and demand. Uniloy will focus on innovation, customer solutions and being a great place to work. I have great confidence that the leadership team in place at Uniloy will allow the organization to grow and succeed.”