Milacron
Cincinnati, Ohio
FUND
CCMP II
ORIGINAL INVESTMENT
2012
STATUS
Realized
Partnered with management to invest in R&D, product line extensions and acquisition of Mold-Masters to revitalize a market leader resulting in significant growth and a successful initial public offering in 2015
CCMP invested in Milacron, a leading global plastics processing technology provider, in 2012. Milacron manufactures plastics machinery and related products as well as premium metalworking fluids.
CEO Corner
Ira Boots, Former Chairman Milacron & Former CEO Berry Plastics
"Over the 20+ years I have worked with CCMP, first as CEO of Berry Plastics and now as Chairman of Milacron, I have found their ability to collaborate with management to take growth to the next level to be tremendous. With their operating and financial expertise and deep network of relationships, CCMP adds real value and I feel fortunate to have partnered with them over the years."
Tom Goeke, Former CEO
"Milacron is the 2nd company I have partnered with CCMP on as CEO, and I can honestly say that they are a game changer in terms of accelerating growth. With CCMP's support, Milacron has invested organically and via acquisition to build our base of technology and market reach, leading to top-line growth, an IPO and a bright future."
Opportunity and Why CCMP
- A market leader with significant installed base and strong brand recognition globally
- Growth potential through leveraging technology and customer relationships
- Opportunity to bring customer’s perspective to business by partnering with seasoned packaging CEOs from CCMP’s network
Value Creation
- Invested in R&D, product line extensions and capacity in high-growth markets
- Expanded high margin, recurring revenue aftermarket business
- Instituted sourcing cost savings and manufacturing efficiencies
- Invested in transformative acquisition of Mold-Masters, the leader in hot runners and mold process controls, to upgrade Milacron’s technology base, increase recurring revenues and margins, and realize synergies
Results
- Significantly increased revenue and EBITDA during CCMP’s ownership through organic and acquisition growth
- Created a high-margin plastics technology company with majority of revenues attributable to consumable products
- Initial public offering in 2015 (NYSE: MCRN)
These endorsements are provided by certain current and former executive officers of portfolio companies that are or were previously owned by certain investment vehicles advised by CCMP Growth and CCMP Capital. None of the executive officers were directly compensated for providing these endorsements. However, as a result of the ownership structure of these portfolio companies and the controlling interest held by the funds advised by CCMP Growth and CCMP Capital, a conflict of interest exists because the executive officers have an incentive to make positive statements about CCMP Growth and/or CCMP Capital and their experiences with CCMP Growth and/or CCMP Capital to maintain the goodwill with CCMP Growth. Please refer to Terms of Use and Disclaimers for important information about CCMP Capital Advisors, LP and CCMP Growth Advisors, LP.
For illustrative purposes only. There can be no assurance any such value creation plan will ultimately be achieved as described herein. Certain statements herein reflect the subjective views and opinions of CCMP Growth and its personnel. Such statements cannot be independently verified and are subject to change.
Generac, Milacron, and Ecovyst are not part of the CCMP Growth track record, however they are included within this context due to the substantial involvement of a CCMP Growth Co-Managing Partner in these deals as a board member and/or deal team member, as well as their alignment with the overall investment strategy of CCMP Growth. Please refer to Terms of Use and Disclaimers for important information about CCMP Capital Advisors, LP and CCMP Growth Advisors, LP. A complete list of CCMP Capital Advisors, LP investments is available on its website.
