Milacron sells majority of Uniloy blow molding unit

Milacron Holdings Corp., Cincinnati, announced it received almost $51.9 million after closing the sale of nearly all of its Uniloy blow molding machinery business.

Uniloy Inc., Tecumseh, Mich., said the transaction included U.S. and European operations, while transactions involving Mexico and India are slated for completion this quarter.

The buyers, Osgood Capital Group LLC and Cyprium Investment Partners LLC, are private-equity firms. Brian Marston, who had been president of blow molding and extrusion with Milacron prior to the sale, has been named president and CEO of Uniloy.