Milacron Completes Sale of Substantially All of Its Uniloy Blow Molding Business to Osgood Capital Group, LLC and Cyprium Investment Partners, LLC
Milacron Holdings Corp. (NYSE: MCRN) (“Milacron”), a leading industrial technology company serving the plastics processing industry, announced that it completed the divestiture of substantially all of its Uniloy Blow Molding Business consistent with the terms of the previously announced definitive agreement with Osgood Capital Group, LLC and Cyprium Investment Partners, LLC. The sale closed July 1, 2019, generating proceeds of $51,875,000. Milacron expects to receive the remaining balance of the purchase price upon the later closing of the sale of the India portion of its Uniloy Blow Molding Business.
Tom Goeke, Milacron President and Chief Executive Officer (CEO), said, „The sale of the Uniloy Blow Molding Business has been transacted in the best interests of Milacron, its stockholders, and its customers. We are confident it will continue to thrive under its new ownership in the years ahead.”
Milacron will continue to push the boundaries with plastics with breakthrough products from leading brands including Milacron, Mold-Masters, DME, Ferromatik and CIMCOOL.
About Milacron
Milacron is a global leader in the manufacture, distribution, and service of highly engineered and customized systems within the plastic technology and processing industry. Milacron is the only global company with a full-line product portfolio that includes hot runner systems, injection molding, mold components and extrusion equipment plus a wide market range of advanced fluid technologies. Visit Milacron at www.milacron.com
About Uniloy Blow Molding
The Uniloy brand is a global leader in blow molding technologies and the only blow molding machine manufacturer to offer four unique blow molding technologies as well as blow molds and associated tooling. Uniloy’s core technologies include UR reciprocating series blow molding machines, industrial blow molding machines, UMA accumulator head and UMC continuous extrusion, UIB injection blow molding machines, UMS shuttle machines, as well as molds. Uniloy offers the blow molding industry’s most comprehensive aftermarket service and support.
About Osgood Capital Group, LLC
Osgood Capital is a firm focused on acquiring unique companies and then working with them to prepare and execute growth through innovation, strategy and investment. The principal has experience in closing over 30 different acquisitions in diverse industries including plastics, packaging, aerospace, automotive, energy services, electronics, technology, software and consumer products.
About Cyprium Investment Partners, LLC
Cyprium Partners is a private equity and mezzanine firm providing common equity, preferred stock and subordinated debt to middle-market businesses. With offices in Cleveland, New York and Chicago, the partners of Cyprium have invested over $1.5 billion in more than 80 companies since 1998. Learn more about Cyprium Partners at www.cyprium.com.
