Husky International Ltd, a Bolton, Ontario, Canada-based global supplier of injection molding equipment and services to the plastics industry, has been acquired by Berkshire Partners and OMERS Private Equity from Onex Corporation.
Following the transaction, members of Husky’s management team remain significant investors in the business through continued equity ownership.
Financing was provided by affiliates of Goldman, Sachs & Co., including its principal mezzanine fund, Morgan Stanley Senior Funding, RBC Capital Markets and TD Securities Inc.
Husky provides a broad range of injection molding machines, hot runners, molds and integrated systems. The company’s equipment is used to manufacture a wide range of plastic products such as bottles and caps, containers for food, and medical devices.
It has more than 40 service and sales offices supporting customers in over 100 countries, and manufacturing facilities in Canada, the United States, Luxembourg and China.