Uniloy definitively to US funds

Milacron completed the divestiture of blow moulding business

Technology - Tuesday, 9 July 2019

The leading industrial technology company serving the plastics processing industry, Milacron, 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 and Cyprium Investment Partners. The sale closed July 1, 2019, generating proceeds of 51,875,000 dollars. 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.


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