Milacron buys Mold-Masters for €714m
Milacron, backed by private equity group CCMP Capital Advisors, works in plastics processing technologies with injection moulding and extrusion processing equipment.
Mold-Masters is a hot-runner manufacturer with a presence in North America, Europe and Asia serving the closures, packaging and PET markets.
The transaction will create a company with capabilities across five businesses: Milacron (Plastics Machinery), Mold-Masters (Hot Runners), DME (Mold Base Technologies), Aftermarket (Parts and Service) and CIMCOOL Fluid Technology (Metalworking Fluids and Services).
Tom Goeke, chief executive officer of Milacron, said: “The acquisition creates a global leader in the plastics industry with the scale, technological leadership, international presence and competitive positioning to deliver a wide range of products and services to more customers in more markets around the world.”
