Bain Capital Credit acquires 51.26% stake in Milacron’s injection molding business

In a significant transaction under the Green Channel route of the Competition Commission of India (CCI), Bain Capital Credit, through its entities BCSS Iota (A), LLC, Bain Capital Credit Member, LLC, Bain Capital Credit Member II, LLC, and Bain Capital Credit Member III, LLC, has acquired approximately 51.26 percent shareholding in a newly established holding company (HoldCo). 

The HoldCo, incorporated as a limited liability company in Delaware, will own 100 percent of Milacron Marketing Company LLC, which encompasses Milacron’s injection molding and extrusion equipment manufacturing and aftermarket services business.

The acquisition aims to support the growth and long-term value creation of the Target Business, which includes manufacturing injection molding machines such as toggle machines, hydraulic machines, electric machines, and two platen machines, as well as extrusion systems like conical screws, parallel twin screws, and single screws. 

In India, the Target Business operates through Milacron India Private Limited, a wholly-owned indirect subsidiary of the HoldCo.

The transaction received automatic approval under the Green Channel route, as there are no horizontal overlaps, vertical, or complementary relationships between the activities of the parties involved, thereby posing no risk of appreciable adverse effect on competition in India. 

The approval was filed under Section 6(4) of the Competition Act, 2002, read with Rule 3 of the Competition (Criteria of Combination) Rules, 2024.