Husky Injection Molding Systems

Husky Injection Molding Systems Ltd
Private
Founded 1953
Headquarters Bolton, Canada
Area served
 Worldwide, Beverage Packaging, Closures, Medical, Automotive, Consumer Electronics, Thinwall packaging
Key people
Products Injection Molding Machines, Hot Runners, Molds, Aftermarket services
Owner Platinum Equity, LLC
Website Husky.co

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.[1]

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,[2] China and India . Sales, parts, and technical support centers are located across the globe.[3]

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.[4]

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.[5]

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.[6]

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.[7]

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.[8]

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.[9]

References

  1. ↑ http://www.husky.co/EN-US/newdynamic.aspx?id=33
  2. ↑ http://www.husky.ca/release.aspx?id=184
  3. ↑ http://www.husky.co/EN-US/locations.aspx?id=4323
  4. ↑ http://www.docstoc.com/docs/16073730/HUSKY-INJECTION-MOLDING-SYSTEMS-LTD
  5. ↑ http://www.lexpert.ca/Magazine/deal.aspx?id=3901
  6. ↑ http://plasticsnews.com/headlines2.html?id=17146
  7. ↑ https://www.bloomberg.com/news/2010-12-16/onex-said-to-seek-sale-of-husky-injection-unit-that-may-fetch-2-billion.html
  8. ↑ http://www.husky.ca/release.aspx?id=4299
  9. ↑ http://www.platinumequity.com/news/1208/platinum-equity-to-acquire-husky-injection-molding-systems


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