Milacron Holdings Corp. (NYSE:MCRN) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
Milacron Holdings Corp. (NYSE:MCRN) Files An 8-K Entry into a Material Definitive Agreement
Entry into a Material Definitive Agreement
Home SEC Filings Milacron Holdings Corp. (NYSE:MCRN) Files An 8-K Entry into a Material Definitive...
On April 12, 2017, Milacron Holdings Corp.’s (the “Company”) wholly-owned subsidiary Mold-Masters (2007) Limited (“Mold-Masters”) entered into an Agreement of Purchase and Sale (“Sales Contract”) with Skyline Real Estate Acquisitions (II) Inc. (“Buyer”) to sell two properties (the “Properties”) located in Halton Hills, Ontario, Canada for CAD $14.25 million, or approximately USD $10.7 million. The Sales Contract is subject to the Buyer entering into an agreement to lease the Properties to Mold-Masters for 15 years for a total of approximately CAD $15.0 million, or approximately USD $11.3 million, to be paid over the term of the lease. The consummation of the transaction contemplated by the Sales Contract is subject to a number of customary closing conditions and is expected to close in the second quarter of 2017. The closing of this transaction is expected to provide the Company with net proceeds (after transaction-related costs) of approximately CAD $14.0 million, or approximately USD $10.5 million, and will be used for general corporate purposes.
The foregoing summary description of the Sales Contract does not purport to be complete and is qualified in its entirety by reference to the full text of the Sales Contract. The Company will file the Sales Contract with the U.S. Securities and Exchange Commission as an exhibit to its next Quarterly Report on Form 10-Q.
About Milacron Holdings Corp. (NYSE:MCRN)
Milacron Holdings Corp. is engaged in the manufacture, distribution, and service of engineered and customized systems used in the plastic technology and processing industry. The Company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies (Fluids). The APPT segment is engaged in the manufacture, distribution and service of equipment and products used in the plastic technology and processing industry, including injection molding, blow molding and extrusion applications. The MDCS segment is engaged in the manufacture of plastic delivery and precision control systems, which are recurring, consumable sales for injection molding applications. The Fluids segment is engaged in the manufacture of coolants, lubricants, process cleaners and corrosion inhibitors that are used in a range of metalworking industries, such as cutting, grinding, stamping and forming and high speed machining. Milacron Holdings Corp. (NYSE:MCRN) Recent Trading Information
Milacron Holdings Corp. (NYSE:MCRN) closed its last trading session down -0.08 at 17.48 with 155,389 shares trading hands.
Milacron Holdings Corp. is engaged in the manufacture, distribution, and service of engineered and customized systems used in the plastic technology and processing industry. The Company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies (Fluids). The APPT segment is engaged in the manufacture, distribution and service of equipment and products used in the plastic technology and processing industry, including injection molding, blow molding and extrusion applications. The MDCS segment is engaged in the manufacture of plastic delivery and precision control systems, which are recurring, consumable sales for injection molding applications. The Fluids segment is engaged in the manufacture of coolants, lubricants, process cleaners and corrosion inhibitors that are used in a range of metalworking industries, such as cutting, grinding, stamping and forming and high speed machining. Milacron Holdings Corp. (NYSE:MCRN) Recent Trading Information
Milacron Holdings Corp. (NYSE:MCRN) closed its last trading session down -0.08 at 17.48 with 155,389 shares trading hands.
