AVON, CONNECTICUT, July 9, 2019 – Ironwood Capital is pleased to announce an investment of subordinated debt to support the purchase of Uniloy (“Uniloy”). Based in Tecumseh, Michigan, Uniloy was formerly a division of Milacron Holdings Corp. (NYSE: MCRN) and becomes an independent company. It is an industry leader in servicing and manufacturing of blow molding equipment and serves a broad base of over 800 global customers. Its products are used in a variety of consumer products, primarily across food and beverage and personal care end markets.
“Uniloy has a global presence and over 80 active patents worldwide relating to blow molding technology. We are excited to be investing in the Uniloy growth story, “ noted Alex Levental, managing director, Ironwood Capital. “It holds leading market share in key categories and enjoys an average tenure of over 30 years with its top 20 customers. A broad product offering allows the company to be responsive to changes in customer need. Importantly, the long-tenured management team will remain in place, supported by a group of senior advisors with deep experience in the industry.”
“According to a report by BCC Research, the blow molding machinery market is expected to grow by 3% annually through 2023. Ironwood Capital’s investment allows us to leverage our existing premier position in the industry to fully capitalize on this opportunity,” stated Brian Marston, Uniloy president.
About Ironwood Capital
Ironwood Capital is a Connecticut-based private equity firm that provides non-control growth capital to middle market companies, investing more than $750 million in over 130 companies over the past 17 years. Ironwood invests in the form of subordinated debt and preferred stock in amounts ranging from $8 million to $20 million to support business owners and financial sponsors in growth financings, full and partial recapitalizations, generational transitions and buyouts. For more information, please visit www.ironwoodcap.com.
The Uniloy brand is a global leader in blow molding technologies and the only blow molding machine manufacturer to offer four unique blow molding technologies as well as blow molds and associated tooling. Uniloy’s core technologies include UR reciprocating series blow molding machines, industrial blow molding machines, UMA accumulator head and UMC continuous extrusion, UIB injection blow molding machines, UMS shuttle machines, as well as molds. Uniloy offers the blow molding industry’s most comprehensive aftermarket service and support. For more information, please visit https://www.milacron.com/our-brands/uniloy/.
Carolyn C. Galiette
President and Chief Investment Officer
Marketing and Communications Director