Osgood Capital Group LLC and Cyprium Investment Partners, LLC entered into an asset purchase agreement to acquire substantially all the assets of Uniloy Blow Molding Business of Milacron Holdings Corp. for $52 million.

Osgood Capital Group LLC and Cyprium Investment Partners, LLC entered into an asset purchase agreement to acquire substantially all the assets of Uniloy Blow Molding Business of Milacron Holdings Corp. (NYSE:MCRN) for $52 million on May 11, 2019. Under the asset and share purchase agreement, the consideration is subject to certain customary adjustments. Osgood Capital Group and Cyprium Investment Partners will assume only certain liabilities of the blow molding business, including liabilities for product warranty claims relating to the North America operations of the blow molding business. The purchase agreement may be terminated at any time prior to the date of closing by mutual agreement of Milacron and Osgood & Cyprium, or by either Milacron or Osgood & Cyprium if the other party fails to satisfy the applicable closing conditions under the purchase agreement by August 9, 2019. As of July 1, 2019, Osgood Capital Group LLC and Cyprium Investment Partners, LLC completed the acquisition of substantially all the assets of Uniloy Blow Molding Business of Milacron Holdings Corp. The sale generated $51.9 million of proceeds. Milacron expects to receive the remaining balance of the purchase price upon the later closing of the sale of the India portion of the Blow Molding business. As of July 3, 2019, Osgood Capital Group LLC and Cyprium Investment Partners, LLC completed the acquisition of the U.S. and European operations of Milacron, LLC. The new Uniloy organization will be led by Brian Marston, President of Blow Molding and will serve as President and Chief Executive Officer. The transaction is subject to certain customary closing conditions, including receipt of required third party consents. The transaction is expected to close within the next ninety days. The purchase agreement provides for separate, later closings for the respective sales of the Mexico and India portions of the blow molding business. As of July 3, 2019, the transactions related to Mexico and India expected to be completed in the third quarter of 2019. Markus Bolsinger, Steven Clemens, Scott M. Zimmerman, Eric Rubin, Alan D. Berkowitz, Ian Downes, Neil Steiner, Violetta Kokolus , Darshak Dholakia, Michael L. Weiner, Jill Ross, Beverly J. Ang, Abbi Cohen, Francois Quintard-Morenas, Ross Allardice, Giovanni Russo, Laurent Martinet of Dechert LLP acted as legal advisor to Osgood Capital Group LLC and Cyprium Investment Partners, LLC.