Milacron LLC, a provider of fluids to the metalworking industry, has acquired Mold-Masters, a manufacturer of hot-runner systems, temperature controllers, and auxiliary equipment, including cleanroom-compatible products.

Under the terms of the transaction, Milacron will acquire 100% of the shares of Mold-Masters for about $972 million. The transaction will create a company with capabilities across five businesses: Milacron (Plastics Machinery), Mold-Masters (Hot Runners), DME (Mold Base Technologies), Aftermarket (Parts and Service), and CIMCOOL Fluid Technology (Metalworking Fluids and Services).

Milacron, based in Batavia, Ohio, is backed by private equity investor CCMP Capital Advisors LLC. The seller is London-based private equity firm 3i Group PLC. Mold-Masters is headquartered in Georgetown, Ontario, Canada.

Release Date: February 12, 2013
Source: The Associated Press