Growth Stories

Milacron

Cincinnati, Ohio

Status: Realized

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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

  • 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)