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Milacron considering selling its Cimcool division

July 10/2019

MOSCOW (MRC) -- Plastics machinery maker Milacron Holdings Corp. is considering selling its Cimcool division, which produces coolants and lubricants for industrial machinery, said Canplastics

Quoting what it calls “people with knowledge of the matter,” Bloomberg said the Cincinnati, Ohio-based company is working with an adviser to solicit offers for the business, which could go for as much as USD300 million.

A final decision hasn’t been made and Milacron could decide to keep the company, the people said.

Cimcool’s complete line of metalworking products includes precision metal removal fluids, rust preventatives, HVAC specialty fluids, and productive process and maintenance cleaners.

In May, Milacron announced that it was selling its Uniloy blow molding business to U.S.-based investment firms Osgood Capital Group LLC and Cyprium Investment Partners LLC for an undisclosed amount.


mrcplast.com
Author:Anna Larionova
Tags:petroleum products, petrochemistry.
Category:General News
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