DAILY NEWS Jan 13, 2013 3:27 PM - 0 comments

Mold-Masters for sale: report

TEXT SIZE bigger text smaller text

British private equity firm 3i Group has started the sale processes of at least four companies, including Ontario-based hot runner manufacturer Mold Masters Ltd., according to a report in the Financial Times of London.

3i has hired Morgan Stanley to advise on the sale of Mold-Masters, which is said to be worth approximately $700 million, the Times is reporting. “The company is likely to attract interest from U.S. trade buyers,” the report said. 3i bought controlling interest in Georgetown, Ont.-based Mold-Masters in 2007.

3i is also selling U.K. software maker Civica, which it took private for about £218m in 2008.

London-based 3i has been disposing of assets, cutting staff and closing offices since the recession began, the Times said.

Horizontal ruler

Horizontal Ruler

Post A Comment

Note: By submitting your comments you acknowledge that Canadian Plastics has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published and those that are published will not be edited. However, all will be carefully read, considered and appreciated.

Your Name (this will appear with your post) *

Email Address (will not be published) *

Comments *

* mandatory fields