New packaging technology, new owner for Husky at NPE

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Photo by File photo Galt

Husky Injection Molding Systems Ltd. is showing its range of injection moulding equipment and technology for packaging and moluded parts at NPE2018.

It will be the first time the Bolton, Ontario-based machinery maker exhibits in the United States under the helm of its new owner, global investment firm Platinum Equity in Beverly Hills, California. The firm was founded in 1995 by billionaire and Detroit Pistons owner Tom Gores.

Platinum Equity signed a definitive agreement to buy Husky for nearly $4bn (€3.24bn) in December 2017. The $3.85 billion deal was finalised 29 March.

Husky was previously owned by Boston-based investment firm Berkshire Partners LLC and the private equity arm of the Ontario Municipal Employees Retirement System, the pension fund for Ontario's municipal employees.

At NPE, Husky will have a 12,000-square-foot exhibit at Booth W1303, where it will show developments in its multilayer and hot runner valve gate technology, among other equipment highlights.

"Over the last several years, we have invested significantly to further advance our already state-of-the-art equipment," Husky President and CEO John Galt said in a news release. "These investments have led to exciting developments in our multilayer technology, our hot runner valve gate technology, and in how we deliver complete tools, components, replacement parts and value-added services to our customers."

Husky first introduced its multilayer technology at NPE2015. The company said it offers improved package performance, security and design, while using less material, which lowers total part cost and total cost of ownership.

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