Milacron LLC has acquired Mold-Masters creating a global plastics powerhouse boasting a portfolio that encompasses plastics machinery, hot runners, mold base technologies, aftermarket and metalworking fluids. Milacron had the backing of its owner, private equity investor CCMP Capital Advisors.
Under the terms of the transaction, Milacron will acquire 100% of the shares of Mold-Masters for an enterprise value of $975 million. Tom Goeke, Milacron CEO will lead the combined business, while Bill Barker, president and CEO of Mold-Masters will continue to head that unit.
Founded in 1963, Mold-Masters has more than 900 granted and pending patents and manufacturing facilities in North America, South America, Europe, India and Asia. It also has sales and service support in 70 countries. CCMP Capital Advisors LLC acquired Milacrong from Avenue Capital Group in March 2012. Avenue bought Milacron out of bankruptcy in June 2009.