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Berkshire Partners and OMERS Private Equity complete acquisition of Husky International

Berkshire Partners LLC, the Boston based private equity firm, and OMERS Private Equity Inc, the private equity arm of the OMERS Worldwide group of companies, have successfully closed their previously announced acquisition of Husky International Ltd. Based in Bolton, Ontario, Husky is a global supplier of highly engineered systems solutions and related aftermarket services and components for the plastics injection moulding equipment industry and the leading supplier to the PET preform packaging industry.

Husky’s global market position, technology leadership, commitment to delivering outstanding customer value, and integrated systems approach will enable the company to pursue multiple growth opportunities. Demand for Husky’s products and services is primarily driven by growth in the beverage packaging segment, particularly in emerging markets. Husky is a truly global enterprise with approximately 75% of its sales generated outside North America. In addition to complete injection moulding solutions, Husky provides aftermarket services and parts to a large and growing installed base of systems globally. It invests significantly in new product development to serve both its core beverage packaging and adjacent market customers. Husky’s highly experienced and talented management team will continue to lead the company.

Berkshire and OMERS announced on May 3, 2011 that they had signed a definitive agreement to acquire Husky from Onex Corporation. Members of Husky’s management team remain significant investors in the business through continued equity ownership.

Financing was provided by certain affiliates of Goldman, Sachs & Co, including its principal mezzanine fund, Morgan Stanley Senior Funding, RBC Capital Markets and TD Securities Inc. TD Securities Inc and BMO Capital Markets acted as financial advisors, and Weil, Gotshal & Manges LLP and McCarthy Tétrault LLP acted as legal counsel for the buyers.

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