On December 18, Platinum Equity, an investment company, announced it has signed an agreement to acquire Husky Injection Molding Systems Ltd. at a takeover price of $ 3.85 billion.
Husky Manufacturing Injection Molding Machines, Robots, and Hot Runner Systems. In 2011, Berkshire Hathaway and Ontario's Urban Employee Retirement System (OMERS) acquired $ 2.1 billion from Toronto's private equity firm Oconee Husky.
The transaction is subject to regulatory approval and is expected to close in the second quarter of 2018.
Husky employs approximately 4,000 people worldwide and has production facilities in Canada, the United States, Luxembourg, Austria, Switzerland, China, India, the Czech Republic and more.