Private equity firm CCMP Capital Advisors will acquire Milacron from Avenue Capital Group for an undisclosed amount. Milacrons Cimcool industrial fluids segment supplies metalworking and industrial fluids.
The transaction is expected to close in the second quarter of 2012. Milacrons management team will continue with the company, which will remain headquartered in Cincinnati, Ohio. We believe Milacron is very well positioned to continue growing around the world and particularly in North America and emerging markets, said Tim Walsh, managing director at CCMP and co-head of the firms industrials group.