Platinum Equity completes acquisition of Husky Injection Molding Systems
Torys acted as counsel to Husky Injection Molding Systems, Berkshire Partners and OMERS Private Equity in Canada with a team led by John Emanoilidis and that included Matthew Atkey and Stephen Abrahamson (corporate/M&A), Jerald Wortsman and Craig Maurice (tax), Susan Nickerson, Jennifer Lennon and Caitlin Morin (employment), Omar Wakil (regulatory), Michael Fortier (environmental), Ed Fan (IP) and Graham Rawlinson (real estate).
On December 18, 2017, OMERS Private Equity and Berkshire Partners announced that they agreed to sell Husky IMS International Ltd. ("Husky") to funds managed and/or advised by Platinum Equity for US$3.85 billion.
The closing of the transaction was announced on March 29, 2018.
Husky, based in Bolton, Ontario, is a leading global supplier of injection molding equipment and services to the plastics industry.
Platinum Equity is a global M&A&O® firm specialized in mergers, acquisitions, and operations of companies that provide mission-critical products, services, and solutions in diverse industries.
Berkshire Partners is a leading private investment firm with a track record of success spanning over 30 years.
OMERS is one of Canada's largest defined benefit pension plans, with more than C$85 billion in net assets, as at December 31, 2016.
Further information can be found on Globe Newswire's website.