Milacron Holdings, the largest manufacturer of plastic processing equipment in the US, announced terms for its IPO on Monday. The Cincinnati, OH-based company plans to raise $300 million by offering 14.3 million shares at a price range of $20 to $22. At the midpoint of the proposed range, Milacron Holdings would command a fully diluted market value of $1.5 billion.
Milacron Holdings, which was founded in 1963 and booked $1.2 billion in sales for the 12 months ended March 31, 2015, plans to list on the NYSE under the symbol MCRN. BofA Merrill Lynch, Barclays, J.P. Morgan, Baird, Credit Suisse and Goldman Sachs are the joint bookrunners on the deal. It is expected to price during the week of June 22, 2015.
