Bain Capital Announces Majority Investment in Milacron, a Leading Global Provider of Highly Engineered Plastic Processing Solutions
Bain Capital has announced a majority investment in Milacron, acquiring approximately 51% ownership for $287 million. Hillenbrand (NYSE: HI) will retain approximately 49% ownership stake. Milacron, established in 1968, is a leading provider of plastic processing equipment and services, including injection molding and extrusion equipment.
The company serves various sectors including construction, automotive, packaging, consumer goods, and medical industries, with the largest installed base of equipment in the U.S. The transaction is expected to close at the end of Hillenbrand's fiscal second quarter or beginning of the third quarter.
This partnership aims to accelerate Milacron's growth and strengthen its position in the plastic processing solutions market. The investment comes as Bain Capital sees opportunities in U.S. manufacturing renaissance, driven by increasing focus on supply-chain resilience and domestic production.
Bain Capital ha annunciato un investimento di maggioranza in Milacron, acquisendo circa il 51% delle quote per 287 milioni di dollari. Hillenbrand (NYSE: HI) manterrà circa il 49% del capitale. Milacron, fondata nel 1968, è un fornitore di primo piano di attrezzature e servizi per la lavorazione della plastica, inclusi attrezzature per stampaggio ad iniezione ed estrusione.
L'azienda serve vari settori, tra cui costruzione, automobilistico, imballaggio, beni di consumo e industria medicale, con la maggiore base installata di attrezzature negli Stati Uniti. Si prevede che la transazione si chiuda alla fine del secondo trimestre fiscale di Hillenbrand o all'inizio del terzo trimestre.
Questa partnership mira ad accelerare la crescita di Milacron e a rafforzare la sua posizione nel mercato delle soluzioni per la lavorazione della plastica. L'investimento arriva mentre Bain Capital vede opportunità nel rinascimento della manifattura negli Stati Uniti, spinto da un crescente focus sulla resilienza della catena di approvvigionamento e sulla produzione domestica.
Bain Capital ha anunciado una inversión mayoritaria en Milacron, adquiriendo aproximadamente el 51% de la propiedad por 287 millones de dólares. Hillenbrand (NYSE: HI) mantendrá aproximadamente el 49% de participación. Milacron, fundada en 1968, es un proveedor líder de equipos y servicios para el procesamiento de plásticos, incluyendo equipos de moldeo por inyección y extrusión.
La empresa atiende diversos sectores, incluidos la construcción, la automoción, el embalaje, los bienes de consumo y las industrias médicas, con la mayor base instalada de equipos en EE.UU. Se espera que la transacción se cierre al final del segundo trimestre fiscal de Hillenbrand o al principio del tercer trimestre.
Esta asociación tiene como objetivo acelerar el crecimiento de Milacron y fortalecer su posición en el mercado de soluciones para el procesamiento de plásticos. La inversión se produce mientras Bain Capital ve oportunidades en el renacimiento de la manufactura en EE.UU., impulsado por un enfoque creciente en la resiliencia de la cadena de suministro y la producción nacional.
베인 캐피탈(Bain Capital)이 밀라크론(Milacron)에 대한 대다수 투자 발표를 하여 약 51%의 지분을 2억8700만 달러에 인수하였습니다. 힐렌브랜드(Hillenbrand, NYSE: HI)는 약 49%의 지분을 유지할 것입니다. 밀라크론은 1968년에 설립된 플라스틱 가공 장비 및 서비스의 선두 제공업체로, 사출성형 및 압출 장비를 포함합니다.
회사는 건설, 자동차, 포장, 소비재 및 의료 산업을 포함한 다양한 부문에 서비스하며, 미국 내 가장 큰 장비 설치 기반을 보유하고 있습니다. 본 거래는 힐렌브랜드의 회계 연도 두 번째 분기 말이나 세 번째 분기 초에 마무리될 것으로 예상됩니다.
이번 파트너십은 밀라크론의 성장을 가속화하고 플라스틱 가공 솔루션 시장에서의 입지를 강화하는 것을 목표로 합니다. 이 투자는 베인 캐피탈이 공급망 회복력 및 국내 생산에 대한 집중 증가로 인해 미국 제조업 부흥의 기회를 보고 있는 가운데 이루어지게 되었습니다.
Bain Capital a annoncé un investissement majoritaire dans Milacron, acquérant environ 51% des parts pour 287 millions de dollars. Hillenbrand (NYSE: HI) conservera environ 49% de participation. Milacron, fondée en 1968, est un fournisseur leader d'équipements et de services pour le traitement des plastiques, y compris des équipements de moulage par injection et d'extrusion.
L'entreprise sert divers secteurs, notamment la construction, l'automobile, l'emballage, les biens de consommation et l'industrie médicale, avec la plus grande base installée d'équipements aux États-Unis. La transaction devrait être finalisée à la fin du deuxième trimestre fiscal de Hillenbrand ou au début du troisième trimestre.
Ce partenariat vise à accélérer la croissance de Milacron et à renforcer sa position sur le marché des solutions de traitement des plastiques. Cet investissement intervient alors que Bain Capital voit des opportunités dans le renouveau de la fabrication aux États-Unis, stimulé par une concentration croissante sur la résilience de la chaîne d'approvisionnement et la production nationale.
Bain Capital hat eine Mehrheitsbeteiligung an Milacron angekündigt und erwirbt etwa 51% des Eigentums für 287 Millionen Dollar. Hillenbrand (NYSE: HI) wird etwa 49% der Anteile behalten. Milacron, 1968 gegründet, ist ein führender Anbieter von Maschinen und Dienstleistungen für die Kunststoffverarbeitung, einschließlich Spritzgieß- und Extrusionsanlagen.
Das Unternehmen bedient verschiedene Sektoren, darunter Bauwesen, Automobilindustrie, Verpackung, Konsumgüter und Medizinbranche, und hat die größte installierte Gerätebasis in den USA. Es wird erwartet, dass die Transaktion am Ende des zweiten Geschäftsquartals von Hillenbrand oder zu Beginn des dritten Quartals abgeschlossen wird.
Diese Partnerschaft zielt darauf ab, das Wachstum von Milacron zu beschleunigen und seine Position im Markt für Kunststoffverarbeitungslösungen zu stärken. Die Investition erfolgt, da Bain Capital Chancen im amerikanischen Fertigungsrenaissance sieht, die durch ein zunehmendes Augenmerk auf Resilienz in der Lieferkette und einheimische Produktion gefördert wird.
- Hillenbrand maintains significant ownership (49%) in Milacron while receiving $287 million from stake sale
- Strategic partnership with Bain Capital provides additional resources for growth
- Transaction maintains Milacron's market position while potentially accelerating growth
- Hillenbrand loses majority control of Milacron business
Insights
The $287 million deal for a 51% stake in Milacron marks a strategic pivot for Hillenbrand (HI), unlocking immediate value while maintaining significant upside potential through its retained 49% ownership. This structure cleverly balances immediate capital realization with long-term growth opportunities.
Several key strategic elements make this deal particularly noteworthy:
- The partnership with Bain Capital's Special Situations team, which manages $22 billion in assets, brings substantial operational expertise and capital resources to drive Milacron's growth
- The timing aligns with the anticipated U.S. manufacturing renaissance, driven by reshoring trends and supply chain resilience initiatives
- Milacron's position as the largest installed base of equipment in the U.S. provides a robust foundation for recurring aftermarket revenue
For Hillenbrand shareholders, this transaction represents a balanced approach to value creation. The company monetizes a majority stake at an attractive valuation while maintaining significant exposure to future upside through its retained ownership. Bain Capital's expertise in operational improvements and its substantial capital resources could accelerate Milacron's growth trajectory, potentially enhancing the value of Hillenbrand's remaining stake.
The deal structure suggests confidence in Milacron's future prospects, particularly given Bain Capital Special Situations' recent raise of over $9 billion and its track record of successful industrial investments. The focus on plastics processing solutions positions Milacron well within critical growth sectors including medical, automotive and packaging industries.
This strategic investment arrives at a pivotal moment in U.S. manufacturing, with three critical market dynamics converging:
- Growing emphasis on supply chain resilience and domestic production capabilities
- Increasing demand for advanced plastic processing solutions across critical sectors including medical, automotive and packaging
- Rising need for sophisticated aftermarket services and support
Milacron's market position is particularly strong due to its comprehensive lifecycle approach, combining equipment sales with high-margin aftermarket services. The company's extensive U.S. installed base creates a natural competitive advantage, generating recurring revenue streams while establishing high barriers to entry for competitors.
Bain Capital's investment could accelerate several key initiatives:
- Technology modernization and automation capabilities enhancement
- Expansion of aftermarket service networks
- Strategic acquisitions to broaden product portfolio
The partnership structure, maintaining Hillenbrand's significant ownership stake, ensures continuity while providing access to Bain's operational expertise and capital resources. This balanced approach should support Milacron's ability to capture opportunities in the evolving manufacturing landscape while maintaining its market leadership position.
- Investment to accelerate Milacron’s growth and strengthen its position as a global leader in highly engineered plastic processing solutions.
- Milacron’s comprehensive suite of equipment offerings and services enables the production of everyday products used across the construction, automotive, packaging, consumer goods, and medical sectors.
- Hillenbrand (NYSE: HI), Milacron’s current owner, will continue to remain a significant investor in the business.
Since 1968, Milacron has been a global provider of highly engineered plastic processing solutions including injection molding and extrusion equipment as well as aftermarket parts and services. Milacron has long been recognized as a market leader for its product and service expertise serving a variety of end-markets, including the construction, automotive, packaging, consumer goods, and medical industries. With the largest installed base of equipment in the
“Milacron is an iconic American manufacturing business with a 50-year legacy of driving innovation in plastics,” said Matt Evans, a Partner at Bain Capital Special Situations. “With manufacturers increasingly focused on supply-chain resilience and domestic production, we believe the
“We are excited to partner with Mac Jones, the President of Milacron, and the entire Milacron team to support the next chapter of growth of one of the world’s premier plastics processing solutions businesses,” added Chris Sun, a Principal at Bain Capital Special Situations. “Milacron combines industry-leading engineering and manufacturing capabilities with innovative technology to enable the production of essential products used daily in the
“Following an in-depth portfolio review, we determined that Milacron would be best positioned for the future through this partnership with Bain Capital,” said Kim Ryan, Hillenbrand President & CEO. “Bain Capital has a proven track record of successful corporate partnerships and will provide greater resources to Milacron, which we believe will drive future growth and success for Milacron’s associates and customers, as well as for Hillenbrand’s shareholders.”
Bain Capital’s Special Situations team is making this investment following the successful close of its second vintage of funds, which raised over
The transaction is expected to close at the end of the Company’s fiscal second quarter or beginning of the fiscal third quarter. Deutsche Bank is serving as exclusive financial advisor, and Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal advisor to Bain Capital.
About Bain Capital
Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We are committed to creating lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. We have 24 offices on four continents, more than 1,850 employees, and approximately
About Hillenbrand
Hillenbrand (NYSE: HI) is a global industrial company that provides highly-engineered, mission-critical processing equipment and solutions to customers in over 100 countries around the world. Its portfolio is composed of leading industrial brands that serve large, attractive end markets, including durable plastics, food, and recycling. The Company pursues excellence, collaboration, and innovation to consistently shape solutions that best serve our associates, customers, communities, and other stakeholders.
Forward Looking Statements
This press release contains forward-looking statements, including statements that are within the meaning of the Private Securities Litigation Reform Act of 1995 that are intended to be covered by the safe harbor provided thereunder, which reflect the current views of Bain Capital and Hillenbrand regarding future events, expectations, plans, and prospects for Milacron following the announced transaction. These statements are based on assumptions and involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied in such statements.
Forward-looking statements include, but are not limited to, statements regarding: the expected benefits of the transaction; Milacron’s future growth, market position, and business strategy; anticipated industry trends, including implications with respect to growing supply chain resilience and domestic manufacturing; and the expected timing of the transaction closing.
Any number of factors, many of which are beyond Hillenbrand and Bain Capital’s control, could cause Hillenbrand and Bain Capital’s performance to differ significantly from what is described in the forward-looking statements. These factors include, but are not limited to: the ability to recognize the benefits of any acquisition or divestiture, including the Milacron injection molding and extrusion business sale (the “Proposed Transaction”), including potential synergies and cost savings or the failure of Hillenbrand and Bain Capital or any acquired company, or the Proposed Transaction, to achieve its plans and objectives generally; any failure by the parties to satisfy any conditions to the Proposed Transaction; the possibility that the Proposed Transaction is ultimately not consummated; potential adverse effects of the announcement or results of the Proposed Transaction on the market price of the Hillenbrand’s common stock; and risks related to diversion of management’s attention from Hillenbrand’s ongoing business operations due to the Proposed Transaction. There can be no assurances that the Proposed Transaction will be consummated.
Readers are urged to consider these risks and uncertainties in evaluating forward-looking statements and are cautioned not to place undue reliance on the forward-looking statements. For a more in-depth discussion of certain factors that could cause actual results to differ from those contained in forward-looking statements, see the discussions in Hillenbrand’s filings with the
The forward-looking information in this release speaks only as of the date on which it is made. Hillenbrand and Bain Capital undertake no obligation to publicly update or revise any forward-looking statement, whether written or oral, made to reflect new information, future developments or otherwise.
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Media Contacts:
For Bain Capital:
Charlyn Lusk / Scott Lessne
Stanton
clusk@stantonprm.com / slessne@stantonprm.com
(646) 502-3549 / (646) 502-3569
Corporate Communications for Hillenbrand:
Gladstone Place Partners
Lauren Odell / Danielle Fornabaio
Phone: 212-230-5930
Email: Hillenbrand@gladstoneplace.com
Source: Bain Capital
FAQ
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