Milacron Holdings Corp. (NYSE: MCRN) was founded in 1860, formerly known as Milacron LLC, and changed to its current name in May 2012. It is headquartered in Cincinnati, Ohio, with 5797 full-time employees. A global technology leader integrating plastic processing, manufacturing and sales.
Milacron Holdings (MCRN):
Milacron Holdings Corporation manufactures, distributes and service engineering and custom systems in the U.S. and international plastics technology and processing industries.
Milacron Holdings is the only global company that includes a full line of products for the plastics industry, including hot runner systems, injection molding, blow molding and extrusion equipment. The company maintains its leading industry position in the supply of plastic processing equipment and fluid technology products in process control systems, mold bases and components, maintenance, repair and operations (“MRO”). MCRN’s strategy is to provide customers with highly customized equipment, components and services throughout the life cycle of the plastic processing technology system.
Milacron Holdings is divided into three divisions to operate : Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS) and Fluid Technologies (fluid technology).
- APPT-design, manufacture and sale of injection molding, blow molding and extrusion equipment; and auxiliary systems and related components and services. This division serves companies in the consumer goods, packaging, electronics, medical, automotive and construction end markets.
- MDCS-design, manufacture and sell hot runner systems, process control systems, mold bases and components, as well as after-sales parts for injection molding and related technologies and services, as well as maintenance, repair and operation supplies for plastic processing operations. This market segment serves customers in the plastics processing value chain and manufacturing sectors, including OEMs, molders and mold makers in the consumer goods, electronics, automotive, packaging and medical end markets.
- Fluid-manufactures and sells coolants, lubricants, process cleaners and corrosion inhibitors for metal processing processes, such as cutting, grinding, stamping, forming and high-speed machining. The products of this sector are used in various markets such as aerospace, medical, automotive, industrial parts and machinery, bearings, ammunition, packaging, processing workshops, and glass and mirror production.
Milacron Holdings (MCRN) investment:
Milacron Holdings submitted its IPO documents on April 3, 2015, and landed on the NYSE on June 25, 2015, stock code: MCRN, issue price of 20 US dollars per share, issued 14,285,714 shares, raised US$285,714,280.00 .