Injection moulding and extrusion Bain Capital acquires majority stake in Milacron

Source: Bain Capital 1 min Reading Time

Related Vendors

A majority investment in Milacron’s Injection Moulding and Extrusion business has been announced by Bain Capital. Partnering with Hillenbrand, the company’s current owner, the firm aims to support the company’s position as a provider of highly engineered plastic processing equipment and services. The deal is expected to close by the fiscal third quarter.

Milacron is a global industry and technology leader in the manufacture of injection moulding and extrusion systems.(Source:  Milacron)
Milacron is a global industry and technology leader in the manufacture of injection moulding and extrusion systems.
(Source: Milacron)

Private investment firm Bain Capital announced a majority investment in the Milacron Injection Molding and Extrusion business, a provider of highly engineered plastic processing equipment and services. Bain Capital will partner with Milacron’s current owner, Hillenbrand, who will remain a significant investor in the business. The investment firm entered into a definitive agreement to purchase an ownership stake of approximately 51 percent of Milacron for 287 million dollars, subject to customary closing adjustments. Hillenbrand will retain an ownership stake of approximately 49 dollars.

Since 1968, Milacron has been a global provider of highly engineered plastic processing solutions including injection moulding and extrusion equipment as well as aftermarket parts and services. The company has long been recognized as a market leader for its product and service expertise serving a variety of end-markets, including the construction, automotive, packaging, consumer goods and medical industries. With the largest installed base of equipment in the U.S., Milacron serves as a complete lifecycle partner, leveraging its support network to deliver comprehensive aftermarket parts and services solutions.

“Milacron is an iconic American manufacturing business with a 50-year legacy of driving innovation in plastics,” said Matt Evans, a Partner at Bain Capital Special Situations. “With manufacturers increasingly focused on supply-chain resilience and domestic production, we believe the U.S. is entering a manufacturing renaissance that will create significant opportunities for industry leaders like Milacron. With its advanced engineering capabilities, global reach, and deep customer relationships, Milacron is well-positioned to build on its strong foundation.”

The transaction is expected to close at the end of the company’s fiscal second quarter or beginning of the fiscal third quarter.

(ID:50312721)

Subscribe to the newsletter now

Don't Miss out on Our Best Content

By clicking on „Subscribe to Newsletter“ I agree to the processing and use of my data according to the consent form (please expand for details) and accept the Terms of Use. For more information, please see our Privacy Policy. The consent declaration relates, among other things, to the sending of editorial newsletters by email and to data matching for marketing purposes with selected advertising partners (e.g., LinkedIn, Google, Meta)

Unfold for details of your consent