Bolton, Ontario — Reuters reported Dec. 14 that investment firm Platinum Equity has outbid other private equity funds and is in “advanced talks” to buy Husky Injection Molding Systems Ltd.
Reuters, citing people familiar with the matter, said the price tag would be close to $4 billion, including debt.
The Bolton-based Husky, which makes injection molding machines, robots and hot runner systems, is owned by Boston-based Berkshire Partners LLC and the Ontario Municipal Employees Retirement System. Berkshire Partners and the OMERS pension fund bought Husky in 2011 from Toronto private equity major Onex Corp., for $2.1 billion.
Platinum Equity, based in Beverly Hills, Calif., did not respond to a request for comment. Neither did Husky, Berkshire Partners and OMERS.
In August, Reuters reported that Husky had retained Goldman Sachs Group Inc. to auction Husky, citing unnamed sources.