Platinum Equity to buy Husky
The investment firm Platinum Equity has agreed to acquire Husky Injection Molding Systems Ltd. from Berkshire Partners and Omers Private Equity for USD 3.85 billion.
The transaction is subject to regulatory approval and is expected to close in the second quarter of 2018. Headquartered in Bolton, Ontario, Canada, Husky has more than 40 service and sales offices, supporting customers in over 100 countries. Its manufacturing facilities are located in Canada, the USA, Luxembourg, Austria, Switzerland, China, India and the Czech Republic. John Galt, who has served as Husky CEO since 2005, will continue to lead the business.