Husky Injection Molding Systems

Husky Injection Molding Systems Ltd. is a supplier of machinery for injection molding of plastics. The company was founded in 1953 by Robert Schad, a German immigrant to Canada. Husky was initially a small machine shop with no ties to the plastics industry. Husky now manufactures a wide range of injection molding machines, injection molds, hot runners, robots, and auxiliary systems used in plastics manufacturing. Husky's head office and primary manufacturing site is located in Bolton, Ontario, Canada. Husky also has manufacturing facilities in the United States, Austria, Luxembourg, Brazil, China and India. Sales, parts, and technical support centers are located across the globe. Husky currently employs more than 4,000 people worldwide. Husky specializes in PET for beverage packaging products. Husky controls more than 50% of the global market for PET processing systems. Husky Injection Molding Systems Ltd. was a publicly traded company from 1998 to 2007. Owning 44% of the company's stock, Robert Schad was the controlling shareholder. The company's common shares were listed on the Toronto Stock Exchange. On December 13, 2007, the Canadian private equity investment firm Onex Corporation completed a friendly buy-out of Husky. The deal was worth C$960 million. Onex announced on November 17, 2009, that it planned to sell its stake in Husky in a new initial public offering though it did not sell during that time. On December 17, 2010, it was reported that Onex had started talks to sell Husky to rival buyout firms intending to fetch C$2 Billion. Berkshire Partners LLC, the Boston-based private equity firm, and OMERS Private Equity Inc., the private equity arm of the OMERS Worldwide group of companies, announced on June 30, 2011 the successful closing of their previously announced acquisition of Husky International Ltd. On December 18, 2017, it was announced that Platinum Equity agreed to acquire Husky Injection Molding Systems from Berkshire Partners and OMERS Private Equity for $3.85 billion. ^[1]

13 relations: Bolton, Ontario, Canada, Chief executive officer, Germans, Hot runner, Injection molding machine, Injection moulding, Onex Corporation, Plastic, Platinum Equity, Polyethylene terephthalate, President (corporate title), Privately held company.

Bolton, Ontario

Bolton (2011 population 25,954) is the most populous community in the town of Caledon, located in the Region of Peel, approximately 50 kilometres northwest of Toronto, in Ontario, Canada.

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Canada

Canada is a country located in the northern part of North America.

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Chief executive officer

Chief executive officer (CEO) is the position of the most senior corporate officer, executive, administrator, or other leader in charge of managing an organization especially an independent legal entity such as a company or nonprofit institution.

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Germans

Germans (Deutsche) are a Germanic ethnic group native to Central Europe, who share a common German ancestry, culture and history.

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Hot runner

A hot runner system is an assembly of heated components used in plastic injection molds that inject molten plastic into the cavities of the mold.

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Injection molding machine

An Injection molding machine, or (Injection moulding machine BrE), also known as an injection press, is a machine for manufacturing plastic products by the injection molding process.

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Injection moulding

Injection moulding (British English) or injection molding (American English) is a manufacturing process for producing parts by injecting molten material into a mould.

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Onex Corporation

Onex Corporation is a private equity investment firm and holding company based in Toronto, Ontario.

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Plastic

Plastic is material consisting of any of a wide range of synthetic or semi-synthetic organic compounds that are malleable and so can be molded into solid objects.

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Platinum Equity

Platinum Equity, LLC is an American private equity investment firm founded by Tom Gores in 1995.

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Polyethylene terephthalate

Polyethylene terephthalate (sometimes written poly(ethylene terephthalate)), commonly abbreviated PET, PETE, or the obsolete PETP or PET-P, is the most common thermoplastic polymer resin of the polyester family and is used in fibres for clothing, containers for liquids and foods, thermoforming for manufacturing, and in combination with glass fibre for engineering resins.

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President (corporate title)

The President is a leader of an organization, company, community, club, trade union, university or other group.

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Privately held company

A privately held company, private company, or close corporation is a business company owned either by non-governmental organizations or by a relatively small number of shareholders or company members which does not offer or trade its company stock (shares) to the general public on the stock market exchanges, but rather the company's stock is offered, owned and traded or exchanged privately.

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References

[1] https://en.wikipedia.org/wiki/Husky_Injection_Molding_Systems

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