Platinum Equity completes acquisition of Husky Injection Molding Systems International Ltd.
Platinum Equity announced the successful closing of their previously announced acquisition of Husky Injection Molding Systems (IMS) International Ltd. Based in Bolton, Ontario, Husky is a global supplier of highly engineered injection moulding equipment and services for the plastic injection moulding equipment industry, and a leading provider of PET systems, hot runners, aftermarket tooling, medical moulds, and specialty closure moulds.
Platinum Equity announced on December 18, 2017 that they had signed a definitive agreement to acquire Husky from Berkshire Partners and OMERS Private Equity. Members of Husky’s management team remain important investors in the business through continued equity ownership.
Financing was arranged by certain affiliates of BofA Merrill Lynch, Deutsche Bank Securities, Goldman, Sachs & Co., BMO Capital Markets, Barclays, TD Securities, and National Bank of Canada Financials Markets. Latham and Watkins LLP acted as legal counsel for the buyers, and Husky was represented by Weil, Gotshal & Manges LLP and Torys LLP.
