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Milacron

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Milacron LLC
Company typePublic
NYSE: MCRN (formerly NYSE: MZ
NYSE Arca Component,
NASDAQ Component)
IndustryPlastics Industry
FoundedCincinnati, Ohio (1970)
Headquarters
Blue Ash, Ohio[1]
,
United States of America
Key people
  • Tom Goeke
    • (Chief Executive Officer)
    • Ron Krisanda
    • Bruce Chalmers
    • (Vice President)
    • (Chief Financial Officer)
    • (Chief Administrative Officer)
US$74.5 million[2]
OwnerAIMCo
Number of employees
5,368 (June 2015)
Websitemilacron.com

Milacron is an American limited liability company that manufactures and distributes plastic processing equipment for fields such as injection molding, extrusion molding, and metal injection molding.[3][4][5] Milacron previously operated as five distinct businesses in this field: Milacron Plastics Machinery, Mold Masters, DME, Milacron Aftermarket, and Cimcool. However, in 2015 they consolidated all their businesses under the Milacron name, and now operate these businesses as brands of the company.[6]

History

Reincorporated in 1970 from the Cincinnati Milling Machine Company, Milacron has grown over the years. With the acquisition of Ferromatik in 1993, DME (Detroit Mold Engineering) in 1996, Uniloy in 1998, and Industrial Machine Sales, Inc. (IMSI) along with its sister company Precise Plastics Machinery (PPM) in 2014.[7][8] Milacron was formerly traded on the NYSE Arca Component and NASDAQ Component, but trading went over-the-counter in 2008, shortly before bankruptcy was filed in March 2009. This effectively ended Milacron's public trade option. However, due to the company's continued growth and success since filing for Chapter 11 (reorganization) bankruptcy, on April 3, 2015 they filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission.[9][10]

Brand Names

The following are brands of Milacron:

  • Ferromatik
  • Uniloy
  • Mold-Masters
  • DME
  • Cimcool
  • Tirad
  • Canterbury
  • Genca

Heritage Brands

  • Cincinnati Milacron
  • Kortec[a]
  • Servtek[b]
  • Wear Technology[b]

Notes

  1. ^ Is now Milacron Co-injection.[11]
  2. ^ a b Now part of Milacron Aftermarket Service.[11]

References

  1. ^ Milacron plans 300 new jobs, moving HQ to Blue Ash
  2. ^ Bregar, Bill. "Milacron IPO timed to benefit from improving machinery sales". Plastics News. Retrieved 28 May 2015.
  3. ^ "Milacron Common Stock (MZ)". Business Wire. Retrieved 30 January 2015.
  4. ^ "Milacron". Milacron. Retrieved 30 January 2015.
  5. ^ Satnam, Singh. "Milacron commits $30 million to investment in India". Plastics News. Retrieved 30 January 2015.
  6. ^ Goldsberry, Clare. "Miacron unveils new brand and integrated product portfolia at NPE". Plastics Today. Retrieved 13 April 2015.
  7. ^ "Milacron Expands Aftermarket Business—Again". Plastics Technology Online. Retrieved 30 January 2015.
  8. ^ "Milacron's Proud manufacturing history". Milacron. Archived from the original on 30 January 2015. Retrieved 30 January 2015. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  9. ^ "History of Milacron, Inc". Funding Universe. Retrieved 15 April 2015.
  10. ^ Tweh, Bowdeya. "Milacron plans IPO in comeback from bankruptcy". Cincinnati.com. Retrieved 15 April 2015.
  11. ^ a b "Our Brands". Milacron. Retrieved 25 March 2015.


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