NEW YORK — Milacron LLC is expected to launch its initial public offering this Wednesday, according to the New York Stock Exchange.
Milacron's offering price will be between $20 and $22 per share.
According to the NYSE, Milacron has filed to raise nearly $345 million in the IPO.
The Cincinnati-based plastics machinery manufacturer is owned by CCMP Capital Advisors LLC, a private equity firm. CCMP will continue to own about 62.1 percent of the common stock after the IPO. Proceeds will be used to pay down debt, according to Milacron's S-1 filing.
A Milacron spokesman declined to discuss the IPO plans or confirm the date, but he said the company would issue more information after stock offering.