Milacron Holdings Corp. (NYSE:MCRN) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
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Entry into a Material Definitive Agreement
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wholly-owned subsidiary Mold-Masters (2007) Limited (Mold-Masters)
completed the sale of two properties (the “Properties”) located
in Halton Hills, Ontario, Canada for CAD $14.25 million, or
approximately USD $10.7 million. The Company previously announced
its intent to sell the Properties on a Current Report on Form 8-K
dated April 17, 2017 and attached the applicable Agreement of
Purchase and Sale as Exhibit 10.4 to the Company’s Form 10-Q filed
on May 3, 2017.
agreements (“Leases”) to lease the Properties from Skyline
Commercial Real Estate Holdings Inc. The Leases are collectively
for CAD $16.7 million, or approximately USD $12.6 million, to be
paid over the fifteen year term of the Leases, and will be filed
with the U.S. Securities and Exchange Commission as exhibits to its
next Quarterly Report on Form 10-Q.
be complete and is qualified in its entirety by reference to the
full text of the Leases.
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Item 2.01
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Completion of Acquisition or Disposition of Assets
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on Form 8-K with respect to the sale of the Properties is
incorporated by reference into this Item 2.01.
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Item 2.03
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Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a Registrant |
on Form 8-K with respect to the Leases is incorporated by reference
into this Item 2.03.
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.