Platinum Equity completes $3.85 billion Husky acquisition

The acquisition of Husky Injection Molding Systems International Ltd. by Platinum Equity (Beverly Hills, CA) has successfully closed.

Bolton, Ontario–based Husky is a global supplier of injection molding equipment and services for the plastic injection molding equipment industry, and a leading provider of PET systems, hot runners, aftermarket tooling, medical molds and specialty closure molds.

Platinum Equity made an initial announcement on Dec. 18, 2017, of its intention to acquire Husky IMS from Berkshire Partners and OMERS Private Equity for $3.85 billion.

Members of Husky’s management team remain important investors in the business through continued equity ownership.

Husky is a technology provider to the plastics processing industry with state-of-the-art manufacturing equipment delivered to a wide range of customers in various end markets. Approximately 70% of sales are generated outside North America.