Partnered with management to invest in R&D,
product line extensions and acquisition of
Mold-Masters to revitalize a market leader resulting in
significant growth and a successful
initial public offering in 2015
CCMP invested in Milacron, a leading global plastics processing technology provider, in 2012. Milacron manufactures plastics machinery and related products as well as premium metalworking fluids.
Opportunity and Why CCMP
- A market leader with significant installed base and strong brand recognition globally
- Growth potential through leveraging technology and customer relationships
- Opportunity to bring customer’s perspective to business by partnering with seasoned packaging CEOs from CCMP’s network
Value Creation
- Invested in R&D, product line extensions and capacity in high-growth markets
- Expanded high margin, recurring revenue aftermarket business
- Instituted sourcing cost savings and manufacturing efficiencies
- Invested in transformative acquisition of Mold-Masters, the leader in hot runners and mold process controls, to upgrade Milacron’s technology base, increase recurring revenues and margins, and realize synergies
Results
- Significantly increased revenue and EBITDA during CCMP’s ownership through organic and acquisition growth
- Created a high-margin plastics technology company with majority of revenues attributable to consumable products
- Initial public offering in 2015 (NYSE: MCRN)
