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Industrials

Milacron Files for IPO

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By Chris Lange Updated Published
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courtesy of 3D Systems Inc.
[cnxvideo id=”625445″ placement=”ros”]Milacron Holdings has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). No pricing details were listed in the filing, but the offering is valued up to $100 million. The company intends to list its shares on the New York Stock Exchange under the symbol MCRN.

No underwriters were listed in this filing.

This company is a global leader in the manufacture, distribution and service of highly engineered and customized systems within the $27 billion plastic technology and processing industry. It is the only global company with a full-line product portfolio that includes hot runner systems, injection molding, blow molding and extrusion equipment. Milacron maintains strong market positions across these products, as well as leading positions in process control systems, mold bases and components, maintenance, repair and operating (MRO) supplies and fluid technology.

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Given estimates primarily based on industry surveys and publications from 2014, Milacron’s management believes that it is the top manufacturer and supplier of plastic processing technologies in North America on a consolidated basis across the industry’s primary plastic processing machinery applications based on sales, the top supplier to installed base worldwide based on sales, the top manufacturer and supplier of injection molding technologies in India based on sales, the top provider of hot runner systems in the Americas and Europe and the number two provider of hot runner systems in Asia based on sales.

Milacron has strong brand recognition with products sold in over 100 countries. Sales are geographically diversified with 54% in North America, 20% in Europe, 10% in China, 9% in India and 7% in the rest of the world for the year ended December 2016.

The company actually will not receive any proceeds from the offering; instead, the selling stockholders will receive all the proceeds.

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Photo of Chris Lange
About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.

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