Platinum Equity locks down $3.9B plastics deal

Platinum Equity has closed its acquisition of Husky Injection Molding Systems from Berkshire Partners and OMERS Private Equity for $3.85 billion, a move that was first announced in December. Based in Bolton, Ontario, Husky supplies injection molding equipment for a range of markets within the plastics industry. Berkshire and OMERS bought the business from Onex for a reported $2.1 billion in 2011.