Milacron completes $51M sale of Uniloy blow molding business

摘要

Milacron Holdings Corp.said July 2 it has completed the sale of its Uniloy blow molding machinery business to two private equity firms,and Milacron announced the price: nearly $51.9 million.On July 3,Uniloy issued its own announcement that the deal is complete for Uniloy’s U.S.and European operations.Transactions related to Mexico and India are expected to follow in the third quarter.The new owners will transfer Uniloy’s U.S.production from Milacron’s factory in Batavia,Ohio,to Uniloy’s global headquarters in Tecumseh,Mich.,where the manufacturing will join Uniloy’s mold making operations.Uniloy will retain its global footprint.In Europe,the Magenta,Italy,facility will be the European technical center.The blow molding machinery company also has employees based in Germany,the Czech Republic and the United Kingdom.In Latin America,Uniloy will continue to serve the aftermarket needs of customers through a technical center in Queretaro,once that sale is completed for Uniloy’s Mexico business.For Asia,Uniloy will continue to sell blow molding machinery manufactured in India.Regional sales and service firms in South America,the United Kingdom and Asia will to continue to support the global coverage,Uniloy officials said.Milacron purchased Uniloy in 1998,and the sale of another unit of the machinery maker could be coming.