news Milacron under new ownership
US-headquartered machinery group Milacron has been acquired by private equity company CCMP Capital Advisors, which bought the company from current investment firm owner Avenue Capital Group in March for an undisclosed figure. The deal is expected to be finalised before the end of the first half of the year.
Continental picked out by Arburg
Arburg has presented its Energy Efficiency Award 2012 to automotive components supplier Continental Automotive, which has invested heavily in energy-efficient all- electric injection moulding technology at its plant at Babenhausen in Germany. “Approximately 15% of
the energy we consume is used in the production of our plastic products” said Karlheinz Boguslawski, plant manager at the Babenhausen factory. “Our aim is to reduce power consumption for each plastic part produced by at least 10%.”
The Babenhausen
targets are part of plans to meet Continental’s group goals on energy saving – aim is to reduce annual energy consumption and CO2 emissions by at least 3%. ❙
www.arburg.com
Milacron manufactures
plastics processing machinery and supplies metalworking fluids. Its business units include Milacron Plastics Machinery, Ferromatik Milacron, DME, Uniloy, and Milacron Americas Aftermarket. “We are delighted to
welcome CCMP to the Milacron team, especially given their exceptional experience
investing in and supporting the growth of plastics and industrial companies,” said Dennis Smith, CEO of Milacron. “Today Milacron’s growth prospects are stronger than ever. With renewed financial stability and CCMP’s support, we expect to continue to expand our market share, extend our global reach, and invest in technologies to meet
our customers’ needs around the world over the long term.” CCMP has invested in a number of plastics businesses in the past, including Berry Plastics, Klöckner Pentaplast, Kraton Polymers, and M&H Plastics. Avenue Capital has owned
Milacron for the past three years. ❙
www.milacron.com
Sales ahead atWeidenhammer
German packaging group Weidenhammer increased its sales by E15m to reach E230m for 2011 and is planning further investments in plant and IMl capacity. “We are pleased with our financial performance in 2011. But at the same time, we can see that rising commodity prices have had a dispropor- tionate impact on our earn- ings,” said Weidenhammer Pacakaging Group CEO ralf Weidenhammer. The group, which makes
composite cans and injection moulded IMl packaging, invested E33m last year in new plant construction and
InjECTIOn WOrlD | April 2012
expansion, an amount equivalent to the company’s total cash flow. Investments of around E27m are planned in 2012, a large part of which will go towards implementing the group’s sustainability concept and expanding the generation and use of renewable energies. It currently maintains twelve large-scale photovoltaic systems on its plant sites that will cover around 20% of the group’s electrical power needs. Plastics Packaging
accounted for around 10% of group sales in 2011. The plastics division gained two new customers for its PermaSafe high barrier IMl
containers during the year - Appel Feinkost and Metten Fleischwaren. “We are generally seeing a positive development of our In-Mould labelling (IMl) packaging business.” A 10,000m2
plastics factory
is currently being built for production of plastic packag- ing at Zwenkau, which is scheduled to start up later this year. The group is also planning to open an IMl plastics production facility at its new facility at Bradford, UK, this year and says it has already secured its first IMl contract for the operation.. ❙
www.weidenhammer.de
www.injectionworld.com
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