Stock Market and Husky Injection Molding Essay

Submitted By ThisisTom
Words: 301
Pages: 2

Husky Injection Molding Systems Ltd. is a supplier of machinery for injection molding of plastics. The company was founded in 1953 by Robert Schad, a German immigrant to Canada. Husky was initially a small machine shop with no ties to the plastics industry.[1]

Husky now manufactures a wide range of injection molding machines, injection molds, hot runners, robots, and auxiliary systems used in plastics manufacturing.

Husky's head office and primary manufacturing site is located in Bolton, Ontario, Canada. Husky also has manufacturing facilities in the United States, Luxembourg, Brazil[2], and China. Sales, parts, and technical support centers are located across the globe.[3]

Husky currently employs over 3000 people worldwide[4][5], with annual revenues of US$1.2 billion.[6]

Husky is a world leader in plastics technology, specializing in PET for beverage packaging products. Husky controls more than 50% of the global market for PET processing systems.[7]

Husky Injection Molding Systems Ltd. was a publicly traded company from 1998 to 2007. Owning 44% of the company's stock, Robert Schad was the controlling shareholder. The company's common shares were listed on the Toronto Stock Exchange.

On December 13, 2007, the Canadian private equity investment firm Onex Corporation completed a friendly buy-out of Husky. The deal was worth C$960 million.[8]

Onex announced on November 17, 2009, that it planned to sell its stake in Husky in a new initial public offering…