Private equity firm Berkshire Partners pondering Husky purchase: report
Canadian Plastics
Economy Plastics Processes Injection Molding: Machinery & Equipment Plastics Industry Economic Changes/ForecastIn a deal that could be worth up to $2 billion, private equity firm Berkshire Partners is in late-stage discussions to buy Husky Injection Molding Systems, according to news reports.
In a deal that could be worth up to $2 billion, private equity firm Berkshire Partners is in late-stage discussions to buy Husky Injection Molding Systems, according to news reports.
Boston-based Berkshire Partners has not commented on the acquisition rumours, said news agency Reuters in its report on the story.
Husky, headquartered in Bolton, Ont., was purchased by Onex Corporation, for nearly $1 billion in 2007. Since last year, Onex has been working with JPMorgan Chase and Goldman Sachs Group on a potential sale or initial public offering for the Husky.
The injection molding machine maker posted revenue of $1.1 billion in 2010, according to Onex’s website.
