Canadian Plastics

Onex completes sale of Husky International

The sale of Husky has been completed.

July 4, 2011   Canadian Plastics

The sale of Husky has been completed.

Berkshire Partners LLC and OMERS Private Equity Inc. have finished their acquisition of Husky International Ltd. from Onex Corporation for US $2.1 billion.

In December 2007, the Onex Group investment firm bought Bolton, Ont.-based Husky for US$622 million. The company has received net proceeds of US$1.8 billion in the sale of Husky to Berkshire Partners and OMERS, which was announced in May 2011.

“We are very pleased with the outcome for everyone involved, including our shareholders and our limited partners,” said Anthony Munk, a Managing Director of Toronto-based Onex. “Husky is an exceptional business with a first-class management team and we wish them continued success.”

Husky is a global supplier of highly engineered systems solutions and related aftermarket services and components for the plastics injection molding equipment industry, and a leading supplier to the PET preform packaging industry. The company reported annual revenues of US$1.1 billion for 2010.


Print this page

Related Stories

Leave a Reply

Your email address will not be published. Required fields are marked *

*