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E-News Update December 2010 |
COMPANY NEWS |
MATERIALS NEWS |
MACHINERY NEWS |
RUBBER JOURNAL ASIA |
INJECTION MOULDING ASIA |
Injection Moulding Asia
Husky to be sold?
C
anadian injection moulding machine and tooling supplier Husky Injection Molding may be sold by its private equity firm owner, if media reports circulating are true. A statement issued by owner Onex says it is continually considering potential opportunities and does not comment on rumour or speculation.Onex also said that it has not made a decision to sell Husky and has not received any offers for the acquisition of the company. The story appeared in Wall Street Journal that reported Onex may use a "dual-track" process of either selling a stake in Husky through an initial public offering or seeking potential private equity buyers. The deal could be worth US$2 billion. Onex acquired Husky in 2007 for about C$960 million.