NEWS Hillenbrand buys Milacron
US-based industrial group Hillenbrand has agreed to acquire Milacron in a cash and stock transaction valued at about $2bn, includ- ing $686m net debt. Hillenbrand also owns Coperion and the Milacron takeover means its plastics machinery portfolio now encompasses injection moulding, hot runners, mould components, materials handling, com- pounding and extrusion. (Milacron completed the disposal of its Uniloy blow moulding machinery business on 1 July, selling it to Osgood Capital Group and Cyprium Investment Partners for $51m). Tom Goeke, CEO at
Milacron, said: “After careful
Arkema invests in
Carbon Arkema, whose product line-up includes Sartomer liquid resins, is to make an investment of $20m in 3D printing technology company Carbon, as part of the latter’s latest funding round. This follows six years of work between them to scale up process technology and resin manufacturing to make parts that are manufactured by Car- bon’s Digital Light Synthesis technology. �
www.arkema.com �
www.carbon3d.com
4
annual cost synergies of about $50m three years after the close. Other benefits
PHOTO: MILACRON
Milacron will be demonstrating its Elektron all-electric injection moulding machines at K2019
review, our Board unani- mously concluded that a combination with Hillen- brand represents a unique opportunity to provide Milacron stockholders with significant and immediate value and the ability to benefit from the upside potential of the combined company. Hillenbrand has a tremendous track record of growing and driving value across its portfolio of highly
engineered products. Together, we will continue to provide customers with breakthrough products and customized systems.” Milacron will benefit from the Hillenbrand Operating Model (HOM), and Hillen- brand expects to leverage Milacron’s global shared services centre to drive operational efficiency, the companies said. The deal is expected to generate
include enhanced growth opportunities, according to the compa- nies. The combined company will aim to
leverage its technologies and broadened product offerings to reach additional customer segments. Its expanded reach in end markets will include con- struction, consumer packag- ing, automotive, electronics, medical, and recycling. The transaction is
expected to close in the first quarter of 2020, subject to closing conditions and regulatory approvals. �
www.hillenbrand.com �
www.milacron.com
DSM starts new Arnitel TPC line at Emmen facility
DSM has started a new production line for its Arnitel range of thermoplastic copolyesters (TPCs) at Emmen in the Netherlands. The new line will up capacity by 20% and will enable greater supply flexibility and security, the company said. “We see increasing demand of Arnitel in various application areas including automotive, consumer and industrial. This capacity expansion shows DSM’s commitment to our custom- ers and industries we serve,” said Lu Zhang, Global Business Director at DSM
INJECTION WORLD | July/August 2019
Engineering Plastics. TPCs provide a good
combination of elasticity, high temperature resistance, mechanical performance and processing. They are
also seen as a “lighter, greener alternative to conventional rubbers in automotive applications”, according to the company. �
www.dsm.com
DSM has upped Arnitel capacity at Emmen by 20%
www.injectionworld.com
PHOTO: DSM
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60
