Bain Capital has entered into a definitive agreement to acquire a 51% stake in Milacron for $287 million, partnering with its current owner Hillenbrand to enhance growth in the highly engineered plastic processing sector.

Target Information

Bain Capital has announced a definitive agreement to acquire a majority stake in Milacron Injection Molding and Extrusion business, a globally recognized leader in highly engineered plastic processing solutions. Established in 1968, Milacron specializes in the production of essential plastic products utilized across various sectors, including construction, automotive, packaging, consumer goods, and medical. This acquisition will enable Milacron to further enhance its extensive suite of equipment offerings and aftermarket services, solidifying its position as a market leader in the industry.

Currently, Milacron holds the largest installed base of equipment in the United States, allowing it to operate as a complete lifecycle partner for its clients. The company's commitment to delivering comprehensive support through its extensive network has earned it a reputation for high-quality service and innovation in plastic processing.

Industry Overview in the United States

The plastic processing industry in the U.S. is experiencing a renaissance, driven by a focus on supply chain resilience and domestic production capabilities. With manufacturers increasingly prioritizing local sourcing and production,