HUSKY
Machinery manufacturer is handed on / Latest owner is US investment firm Platinum
A hot runner distribution system made by Swiss company Schöttli, part of Husky since 2013 (Photo: Husky) |
Yet another transfer of ownership of injection moulding machines group Husky Injection Molding Systems (Bolton, Ontario / Canada; www.husky.ca). Investors and former owners Berkshire Partners (Boston, Massachusetts / USA; www.berkshirepartners.com) and Omers Private Equity (Toronto, Ontario / Canada) have sold the machinery manufacturer to investment company Platinum Equity (Los Angeles, California / USA; www.platinumequity.com). The USD 3.85 bn (EUR 3.25 bn) transaction should be completed by mid-2018. In 2011, the previous owners paid USD 2.1 bn.
Husky operates more than 40 plants and sales offices in Canada, the US, Luxembourg, Austria, Switzerland, Czech Republic, China and India. Turnover under CEO John Galt has been estimated at approximately USD 1.3 bn, of which three-quarters were generated outside of North America.
Husky operates more than 40 plants and sales offices in Canada, the US, Luxembourg, Austria, Switzerland, Czech Republic, China and India. Turnover under CEO John Galt has been estimated at approximately USD 1.3 bn, of which three-quarters were generated outside of North America.
22.12.2017 Plasteurope.com [238668-0]
Published on 22.12.2017