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Platinum Equity completes $3.85 billion Husky acquisition – The acquisition of Husky Injection Molding Systems International Ltd. by Platinum Equity (Beverly Hills, CA) has successfully closed – Platinum Equity Husky acquisition - Arhive

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Platinum Equity completes $3.85 billion Husky acquisition

By: Clare Goldsberry

 Platinum Equity Husky acquisition The acquisition of Husky Injection Molding Systems International Ltd. by Platinum Equity (Beverly Hills, CA) has successfully closed.

Bolton, Ontario–based Husky is a global supplier of injection molding equipment and services for the plastic injection molding equipment industry, and a leading provider of PET systems, hot runners, aftermarket tooling, medical molds and specialty closure molds.

Platinum Equity made an initial announcement on Dec. 18, 2017, of its intention to acquire Husky IMS from Berkshire Partners and OMERS Private Equity for $3.85 billion.

Design & Manufacturing New England connects you with over 4,500 engineers and more than 450 leading suppliers. This powerful, end—to—end industry showcase will cover up—to—the—minute innovations across advanced design & manufacturing in full spectrum.

Members of Husky’s management team remain important investors in the business through continued equity ownership.

Husky is a technology provider to the plastics processing industry with state-of-the-art manufacturing equipment delivered to a wide range of customers in various end markets. Approximately 70% of sales are generated outside North America.

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-Husky sees double-digit growth in India and region – Husky Injection Molding Systems Ltd. sees India as a strategic market, with sectors like packaging, medical and automotive driving growth of more than 10 percent a year, a company executive said at the recent Plastindia 2018 show – Husky double digit growth India region

-Husky woos rigid plastic converters with Multi-Layer technology – Husky rigid plastic MultiLayer technology

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