Milacron (Cincinnati, Ohio / USA; www.milacron.com
) has found some buyers for its "Uniloy" blow moulding machine business see Plasteurope.com of 03.05.2019
. The US company will sell the activities to investment firms Osgood Capital Group (Houston, Texas / USA) and Cyprium Investment Partners (Cleveland, Ohio / USA; www.cyprium.com
). The transaction is expected to be complete within the next three months.
The president and CEO of the newly sold Uniloy business will be Brian Marston, who is the current president of Milacron's blow moulding and extrusion division. He has 35 years of experience in the plastics and blow moulding industry, 20 years of which he was at packaging company Berry Global. Marston said Uniloy will keep building the same high-performance machines and serving customers as they have done since 1960.