HUSKY
Sale of plastics machinery manufacturer imminent? / Berkshire Partners rumoured to be possible buyer
The US private equity giant could pay up to USD 2 bn for Husky (Photo: Husky) |
The rumour mill is alive over a possible sale of Husky Injection Molding Systems (Bolton, Ontario / Canada; www.husky.ca), after the Reuters news agency reported that Onex (Toronto / Canada; www.onex.com) – the buy-out firm that had acquired Husky in 2007 (see Plasteurope.com of 19.12.2007) – is in “late-stage discussions” to sell the plastics machinery maker. Although the interested buyer, private equity firm Berkshire Partners (Boston, Massachusetts / USA; www.berkshirepartners.com), did not comment on the process, Reuters says the deal could be worth up to USD 2 bn.
The Canadian injection moulding machinery maker last posted sales of USD 1.1 bn and generated EBITDA of USD 197m in the financial year ended 30 September.
The Canadian injection moulding machinery maker last posted sales of USD 1.1 bn and generated EBITDA of USD 197m in the financial year ended 30 September.
27.04.2011 Plasteurope.com [219233-0]
Published on 27.04.2011