Husky

Husky (5)

Husky Injection Molding Systems today announced additional investments to support its continued growth in China with plans to establish a new manufacturing facility in the region of Suzhou. Ongoing investments will enable Husky to improve local support, reduce lead times and more responsively react to the needs of its rapidly growing customer base in the region.

“Husky has enjoyed long-standing relationships with many customers throughout China. Strong increase in demand for plastics in the region has helped fuel customer growth and we have been fortunate enough to grow with our customers. Today, Asia Pacific represents one of the largest and most dynamic markets the company serves,” said John Galt, Husky’s President and CEO. “Our investment in Suzhou is a step toward ensuring we are able to meet the growing expectations of customers in this region. Our goal is to be increasingly nimble and agile to provide the best, most responsive service and support – not only to China, but to markets globally.”

Purchase of land in Suzhou

Husky recently signed an investment agreement with the local government in Suzhou to purchase 53,000 square meters (80 mu) of land in this region. The area of land is located in the Suzhou New District and is a Greenfield site that has significant opportunity for further expansion beyond the existing land area. Husky plans to establish a state-of-the-art manufacturing location that will further increase local capacity to improve customer support and shorten lead times. The site is expected to be fully operational in 2014 and will add to the company’s already strong presence in China.

Investments to improve local support

Working with the industry’s largest service and sales network, Husky is continuously investing in its global infrastructure to meet customers’ specific needs. Over the last several years, Husky has strengthened its presence and supply chain capabilities in China. Since first establishing a presence in 2004, Husky has more than doubled its footprint in the region and has more than tripled its regional workforce. The Suzhou facility will complement Husky’s existing facilities, most notably the Shanghai Technical Center. Opened as Husky’s Asia Pacific headquarters, the Shanghai location has also doubled its footprint since 2004, expanding in 2006 and again in 2009. It continues to be a central hub for the region and is responsible for a number of key activities, including service and sales, development engineering, human resources, finance, machine assembly and hot runner manufacturing.

To accommodate growing hot runner business in the region, Husky has also made recent investments in hot runner refurbishing, hot runner manufacturing and mold conversion capacity. A key focus of these initiatives is to continue to reduce lead times and improve responsiveness, supporting the company’s overall strategy to serve customers in the region more effectively.

Husky Injection Molding Systems is a leading global supplier of injection molding equipment and services to the plastics industry. The company has more than 40 service and sales offices, supporting customers in over 100 countries. Husky's manufacturing facilities are located in Canada, the United States, Luxembourg, Austria and China.

For more information, visit: www.husky.ca

Putting focus on your long-term investment strategy, rather than short-term capital savings will deliver a greater return and a more valuable and healthy business. To succeed in a highly competitive global market, injection molders must invest for the long term and focus on delivering the highest quality product, at the lowest cost, on time.

This webinar will demonstrate how making short-term investment decisions based purely on price can undermine the success of your business in the long run. We’ll show how molders who focus on smart, long-term investments that reduce part costs and energy requirements while increasing operational efficiencies, will ultimately increase the value of their business and thrive in a competitive marketplace.

We’ll explore:

* How smart investments increase how your business is valued by others
* The long-term effects that “good enough” decisions have on your business
* How under-investing now will cost more in the long run

- Overall equipment and factory effectiveness
- Material costs
- Rejects and down time
- Inventory
- Labor
- Quality
- On-time delivery
- Energy
- Dissatisfied or lost customers

Thursday, December 8, 2011
1:00 PM - 2:00 PM CET

For more information or to register, visit: https://www1.gotomeeting.com/register/141134432

Berkshire Partners LLC, the Boston based private equity firm, and OMERS Private Equity Inc., the private equity arm of the OMERS Worldwide group of companies, today announced that they have signed a definitive agreement to jointly acquire Husky International Ltd. and its subsidiaries ("Husky") from Onex Corporation and its affiliated funds.

Headquartered in Bolton, Ontario, Husky is a leading global supplier of injection molding equipment and services to the plastics industry. The company, led by President and Chief Executive Officer John Galt, designs and manufactures a broad range of injection molding machines, hot runners, molds and integrated systems. Husky's equipment is used to manufacture a wide range of plastic products such as bottles and caps for beverages, containers for food, medical devices and consumer electronic parts. The company has more than 40 service and sales offices supporting customers in over 100 countries, and manufacturing facilities in Canada, the United States, Luxembourg and China.

"I look forward to partnering with Berkshire Partners and OMERS Private Equity in continuing to build a great company that delivers outstanding customer value," said John Galt, who will continue to lead Husky as President and CEO. "Husky has a tremendous future and the management team is excited to be working with our new partners in this next chapter."

"Husky is a compelling company with an exceptional management team," said Michael Ascione, Managing Director of Berkshire Partners. "We believe Husky's global presence and strong customer value proposition enables many strategic growth initiatives and provides significant long-term potential."

"Husky is a Canadian success story," said Lisa Melchior, Managing Director of OMERS Private Equity Inc. "It is a global market leader in an industry that is poised to benefit from the growth in emerging markets. We believe the future opportunities for this company are extremely attractive."

Berkshire Partners LLC and OMERS Private Equity Inc. expect to close the transaction by the end of the third quarter of 2011. The management team of Husky is expected to be a significant investor in the business through continued equity ownership.

Financing will be provided by certain affiliates of Goldman, Sachs & Co., including its principal mezzanine fund, Morgan Stanley Senior Funding, RBC Capital Markets and TD Securities Inc. TD Securities Inc. acted as financial advisor, and Weil, Gotshal & Manges LLP and McCarthy Tétrault LLP acted as legal counsel for the buyers.

Husky is a leading global supplier of injection molding equipment and services to the plastics industry. The company has more than 40 service and sales offices, supporting customers in over 100 countries. Husky's manufacturing facilities are located in Canada, the United States, Luxembourg and China.

For more information visit: www.husky.ca

Husky Injection Molding Systems today announced its intention to acquire KTW of Waidhofen, Austria, recognized as a global leader in closure mold making. The sale is expected to close in May 2011. This announcement represents the next logical step in the relationship that has developed between the two companies over the last 14 years.

“Husky and KTW have worked very closely to develop closure manufacturing solutions that enhance productivity, eliminate waste and improve part quality for our customers,” said John Galt, Husky’s President and CEO. “However, to meet the increasing expectations of our customers, we realized that even closer collaboration would be needed in developing the core elements of the closure system. Through this acquisition, we will be able to work with the many talented people of KTW as one team to deliver more value to closure manufacturers in both emerging and established markets.”

Effective upon closing, Husky will offer KTW-branded closure molds as part of its fully integrated turnkey systems. With the addition of KTW molds, Husky will become the closure industry’s only provider of complete injection molding systems, including mold, machine, hot runner, temperature controller, as well as a range of consulting and after-sales services.

The leadership team of KTW, including Managing Directors Anja and Claus Ziegler, will continue to be closely involved in leading the business after the completion of the transaction. In addition, KTW’s operations in Austria, the Czech Republic and Germany, will become Husky’s closure mold development and manufacturing centers of excellence.

“As a technical leader with many close customer relationships, we are proud of what our team has accomplished so far,” said Anja and Claus Ziegler, Managing Directors of KTW. “Becoming part of Husky will allow us to incorporate KTW technologies into the industry’s most advanced closure molding systems, while also gaining the advantage of Husky’s extensive sales and service network to better support our increasingly global customer base.”

In a related development, Husky plans to initiate a strategic review process for KTW’s custom injection molding division, Injectoplast. Although a growing business with many strong customer relationships, this is necessary to ensure the future success of Injectoplast and avoid any potential conflict of interest with Husky’s customers. This process will begin following the close of this acquisition.

Husky Injection Molding Systems (www.husky.ca) is a leading global supplier of injection molding equipment and services to the plastics industry. The company has more than 40 service and sales offices, supporting customers in over 100 countries. Husky's manufacturing facilities are located in Canada, the United States, Luxembourg and China.

Husky Injection Molding Systems announced that at PLASTEC West 2011 (February 8 – 10, Anaheim, California) it is demonstrating its range of technologies, systems and services to support medical customers. Located at Booth 4167, Husky will be introducing for the first time to North America its H-MED AE™ (all-electric) system, a high precision, energy efficient platform for cleanroom medical molding.

“We’re excited to now offer medical molders H-MED AE, a complete all-electric injection molding system that provides the speed, quality and control they require,” said Fred Humbert, Husky’s Director of Business Development, Medical. “By taking control of the complete system, we can deliver the enhanced process stability and repeatability our customers require to consistently manufacture medical parts of the highest quality.”

Turnkey medical solution for complete melt stream control

First introduced at K2010, Husky’s H-MED AE system is a fully electric medical molding workcell that includes Husky’s UltraSync™-E hot runner technology, Altanium® temperature controller and Shotscope NX® process and productivity monitoring software to ensure high quality parts targeting zero defects. All functions are managed through Polaris™ Control, centralizing operation of the entire workcell to deliver data and productivity accuracy.

The 32-cavity H-MED AE system running at the Husky booth is producing an intravenous Breather Cap medical part weighing 0.18 grams, running at less than 4.0 second cycles. The Breather Cap is an extremely small yet vital part that prevents contamination of intravenous needles. The system itself has been developed in collaboration with medical device manufacturer ICU Medical and mold manufacturer Tech Mold.

“The medical market is driven by complex applications that require reliable, repeatable molding solutions,” said Jeffrey Miller, Tooling Engineer for ICU Medical. “As a medical molder, we must be able to quickly and consistently manufacture high quality parts using difficult to mold resins. By working with Husky on our Breather Cap project, we have been able to significantly improve productivity, while maintaining quality and streamlining costs.”

Increased precision for medical applications

Husky is well-known as the leading supplier of hot runners and temperature controllers to the medical market. At the show, Husky will be showcasing hot runner technology specifically optimized for small part molding of medical applications. On display will be Husky’s recently introduced UltraSync-E hot runners for high precision and repeatability, as well as its wide range of nozzle sizes and gating options to enable management of a variety of part weights and resin types. Husky hot runners are ideally suited for medical applications because they are specifically designed to provide optimal thermal and geometric balance. This allows for cavity-to-cavity consistency, increased part precision and complete melt stream control to eliminate degradation of plastic.

Global reach to enable optimal efficiency

With its extensive global service and support network, Husky is able to manage large global programs and provide tailored local support to medical customers around the world. A range of after-sales services ensures customers’ H-MED AE systems are consistently running at peak efficiency. These services include Total Energy Management, Manufacturing Advisory Services and Pro-Act™ flexible maintenance programs.

In addition to its booth display, Phil Kinson, Husky’s Product Manager, Medical (Americas), will be hosting a presentation during the show entitled “Optimizing Technology for Multi-Cavity Medical Molds.” The presentation will take place on February 10, from 2 – 2:30 p.m. in Theater 1, Booth 639.

About Husky — Husky Injection Molding Systems (www.husky.ca) is a leading global supplier of injection molding equipment and services to the plastics industry. The company has more than 40 service and sales offices, supporting customers in over 100 countries. Husky's manufacturing facilities are located in Canada, the United States, Luxembourg and China.

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