milacron announces definitive agreement to sell uniloy blow molding business to osgood capital group, llc and cyprium investment
Miramar clone Holdings, May 14, 2019(NYSE: MCRN)(“Milacron”)
A leading industrial technology company serving the Plastics Processing Industry announced today that it is working with Osgood Capital Group, LLC (
\"Osgood Capital \")
And Cyprium Investment Partners Ltd. sell its UniloyBlow molding business.
Tom Goeke, president and chief executive officer of miralong (CEO)
He said, \"the transaction of the Uniloy blow molding business is for the best interests of Miramar clone, its shareholders and customers.
Uniloy has been a Milacron product brand since 1998 and we believe it will continue to thrive under new ownership over the next few years.
This divestiture is consistent with our decision to focus on the core industry --
Leading technology including Milacron injection molding machine, Milacron extrusion equipment, Mold
Master the hot runner and control system, DMEmold components and our CIMCOOL fluid technology.
\"The new unioy organization will be led by Brian Marston, who will serve as president and CEO.
Marston is currently president of blow molding and stretching at Milacron.
He has been a leader in the plastics and blow molding industry for 35 years.
Joseph S. , president of Osgood capital
Quoting Levy, who has more than 25 years of experience in the plastics and packaging industry, \"We are excited to have this opportunity to work with the excellent unioy management team led by Brian.
We hope to provide world-class services and solutions for blow molding needs of all our customers in the coming years, as well as strong growth of the global unioy brand. ”Mr.
Marston was quoted as saying, \"the new Uniloy organization will continue to provide the same high
Our customers have experienced performance machinery, technical expertise and after-sales support since 1960.
Uniloy brandon will continue to be recognized as a global leader in blow molding.
We will work with Milacron to achieve this ASEAN-free transition for our customers.
All existing orders will continue to be executed according to the industry\'s highest standards.
\"The transaction is subject to the customary transaction conditions and is expected to be completed within the next 90 years (90)days. Download High-
Resolution Image: about MilacronMilacron, milacron is a global leader in the manufacturing, distribution and service of highly engineered and customized systems in the plastic technology and processing industry.
Milacron is the only global company with full service
Online product portfolio including hot runner system, injection molding, mold parts and extrusion equipment, as well as a wide range of advanced fluid technology in the market.
Visit mirakon atwww. milacron.
The Uniloy brand is a global leader in blow molding technology and the only blow molding machine manufacturer that offers four unique blow molding technologies as well as blow molding molds and related tools.
The core technologies of Uniloy include UR reciprocating series blow molding machine, industrial blow molding machine, UMA accumulator head and UMC continuous extrusion, uibininjection blow molding machine, UMS shuttle machine and
Unioy provides the most comprehensive after-sales service and support for blow molding industry.
Regarding Osgood Capital, Osgood Capital is a company that focuses on acquiring unique companies and then works with them to prepare and execute growth through innovation, strategy and investment.
The person in charge has more than 30 different acquisitions in different industries such as plastics, packaging, aerospace, automotive, energy services, electronics, technology, software and consumer products.
About Cyprium PartnersCyprium Partners is a private equity and mezzanine company that provides common stock, preferred stock and subordinated debt to medium-sized enterprises
Cyprium\'s partners have offices in Cleveland, New York and Chicago, investing more than $1.
Since 1998, there have been 5 billion of more than 80 companies.
Learn more about Cyprus partners at www. cyprium. com. Forward-
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Milacron has no obligation, except as required by law, to publicly update or amend any forwarding-
Whether it\'s due to new information, future events, changing circumstances, or whatever, it\'s a forward-looking statement. These forward-
Looking forward to the future, we are faced with many risks and uncertainties, including but not limited to the demand for our products, significantly affected by general economic conditions, any decline in plastic use, competitive industry the business we operate and the financial resources of our competitors, we successfully develop and implement strategic plans to increase cost savings and improve the ability to operate profit margins, and other risk factors that we put forward in the form 10 annual report
K for the year ended December 31, such as the documents submitted to SEC in February 28, 2019 and other SEC documents, copies of which can be obtained free of charge on our website atinvestors. milacron. com. MCRN-
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