Milacron Divests Its Blow Molding Machinery
Milacron sells Uniloy blow molding business to investment firms; Brian Marston remains in charge.
In May, Milacron Holdings Corp. announced a definitive agreement to sell its Uniloy blow molding machinery business to Osgood Capital Group and Cyprium Investment Partners. Milacron’s sales in blow molding were approximately $90 million in 2018, down from around $95 million in 2017. The company stated, “The blow molding business has historically been difficult to forecast and has not met the profitability targets we aim to achieve.” The Uniloy structural-foam machinery business remains with Milacron, integrated with its injection molding business. The new Uniloy organization will be led by Brian Marston, president and CEO. He was president of blow molding and extrusion with Milacron. Osgood Capital president Joseph S. Levy, who had over 25 years’ experience in plastics and packaging, said, “We expect to deliver world-class service and solutions for all our customers’ blow molding needs as well as strong growth in global Uniloy brands for years to come.”
Related Content
-
Best Methods of Molding Undercuts
Producing plastics parts with undercuts presents distinct challenges for molders.
-
In Sustainable Packaging, the Word is ‘Monomaterial’
In both flexible and rigid packaging, the trend is to replace multimaterial laminates, coextrusions and “composites” with single-material structures, usually based on PE or PP. Nonpackaging applications are following suit.
-
US Merchants Makes its Mark in Injection Molding
In less than a decade in injection molding, US Merchants has acquired hundreds of machines spread across facilities in California, Texas, Virginia and Arizona, with even more growth coming.
