Home / Businesswire / Milacron Announces Definitive Agreement to Sell Uniloy Blow Molding Business to Osgood Capital Group, LLC and Cyprium Investment Partners, LLC

Milacron Announces Definitive Agreement to Sell Uniloy Blow Molding Business to Osgood Capital Group, LLC and Cyprium Investment Partners, LLC

CINCINNATI–(BUSINESS WIRE)–lt;a href="https://twitter.com/hashtag/blowmolding?src=hash" target="_blank"gt;#blowmoldinglt;/agt;–Milacron Holdings Corp. (NYSE: MCRN) (“Milacron”), a leading industrial
technology company serving the plastics processing industry, today
announced that it entered into a definitive agreement with Osgood
Capital Group, LLC (“Osgood Capital”) and Cyprium Investment Partners,
LLC to sell its Uniloy Blow Molding business.

Tom Goeke, Milacron President and Chief Executive Officer (CEO), said,
"The sale of the Uniloy Blow Molding business is being transacted in the
best interests of Milacron, its stockholders, and its customers. Uniloy
has operated as a Milacron product brand since 1998, and we are
confident it will continue to thrive under its new ownership in the
years ahead. This divestiture is consistent with our decision to
concentrate on our core industry-leading technologies including Milacron
injection molding machines, Milacron extrusion equipment, Mold-Masters
hot runner and control systems, DME mold components, and our CIMCOOL
fluid technologies."

The new Uniloy organization will be led by Brian Marston, and he will
serve as President and CEO. Marston is currently President of Blow
Molding and Extrusion with Milacron. He has held leadership roles within
the plastics and blow molding industry for 35 years. Osgood Capital’s
President, Joseph S. Levy, who has over 25 years’ experience in the
plastics and packaging industry was quoted as saying, “We are excited to
have this opportunity to work with the outstanding Uniloy management
team led by Brian. 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.”

Mr. Marston was quoted, “The new Uniloy organization will continue to
provide the same high-performance machinery, technical expertise and
aftermarket support that our customers have experienced since the 1960s.
The Uniloy brand will continue to be recognized as a global leader in
the blow molding industry. We will be working hand in hand with Milacron
to make this a seamless transition for our customers. All existing
orders will continue to be manufactured to the industry’s highest
standards.”

The transaction is subject to customary closing conditions and is
expected to close within the next ninety (90) days.

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About Milacron

Milacron is a global leader in the manufacture, distribution, and
service of highly engineered and customized systems within the plastic
technology and processing industry. Milacron is the only global company
with a full-line product portfolio that includes hot runner systems,
injection molding, mold components and extrusion equipment plus a wide
market range of advanced fluid technologies. Visit Milacron at www.milacron.com

About Uniloy Blow Molding

The Uniloy brand is a global leader in blow molding technologies and the
only blow molding machine manufacturer to offer four unique blow molding
technologies as well as blow molds and associated tooling. Uniloy’s core
technologies include UR reciprocating series blow molding machines,
industrial blow molding machines, UMA accumulator head and UMC
continuous extrusion, UIB injection blow molding machines, UMS shuttle
machines, as well as molds. Uniloy offers the blow molding industry’s
most comprehensive aftermarket service and support.

About Osgood Capital

Osgood Capital is a firm focused on acquiring unique companies and then
working with them to prepare and execute growth through innovation,
strategy and investment. The principal has experience in closing over 30
different acquisitions in diverse industries including plastics,
packaging, aerospace, automotive, energy services, electronics,
technology, software and consumer products.

About Cyprium Partners

Cyprium Partners is a private equity and mezzanine firm providing common
equity, preferred stock and subordinated debt to middle-market
businesses. With offices in Cleveland, New York and Chicago, the
partners of Cyprium have invested over $1.5 billion in more than 80
companies since 1998. Learn more about Cyprium Partners at www.cyprium.com.

Forward-Looking Statements

This press release contains forward-looking statements. The words
“believe”, “expect”, “anticipate”, “plan”, “intend”, “should”,
“estimate” and other expressions that are predictions of or indicate
future events and trends and that do not relate to historical matters
identify forward-looking statements. You should not place undue reliance
on these forward-looking statements. Although forward-looking statements
reflect management’s good faith beliefs, reliance should not be placed
on forward-looking statements because they involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements to differ materially from
anticipated future results, performance or achievements expressed or
implied by such forward-looking statements. Forward-looking statements
speak only as of the date the statements are made. Except as required by
law, Milacron undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events, changed circumstances or otherwise. These forward-looking
statements are subject to numerous risks and uncertainties, including,
but not limited to demand for our products being significantly affected
by general economic conditions, any decline in the use of plastic, the
competitiveness of the industries in which we operate and the financial
resources of our competitors, our ability to successfully develop and
implement strategic initiatives to increase cost savings and improve
operating margins and the other risk factors set forth in our Annual
Report on Form 10-K for the year ended December 31, 2018, as filed with
the SEC on February 28, 2019, and other SEC filings, copies of which are
available free of charge on our website at investors.milacron.com.

MCRN-IR

Contacts

Media Relations:
Michael Crawford
Manager Corporate
Communications
[email protected]

Investor Relations:
Bruce Chalmers
Chief Financial Officer
[email protected]