Milacron LLC, a global plastics industry leader and provider of premium fluids to the metalworking industry, and Mold-Masters, a leading global hot-runner manufacturer with a strong presence in North America, Europe and Asia, announced they are combining to form a leading global solutions provider positioned to serve the full range of customer needs. Milacron is backed by its private equity investor CCMP Capital Advisors.
Under the terms of the transaction, Milacron will acquire 100 percent of the shares of Mold-Masters for an enterprise value of $975m. Tom Goeke, Milacron CEO will lead the combined business, while Bill Barker, president and CEO of Mold-Masters will continue to head that unit.
The combined entity will provide its customers with market-leading technologies, global engineering and R&D leadership. Through their complementary product lines, Milacron and Mold-Masters will be able to offer a broader portfolio of products and services, providing solutions for customers’ complex plastics needs.
The transaction, subject to customary closing conditions, is expected to close in the first half of 2013.
