In the MIM process, a very fine metal powder is mixed with a little plastic, and then the mix is injection molded into complex shapes utilizing a mold. The molded components go through a de-binding process, during which some of the plastic binder is removed, and then they are sintered at high temperatures. During sintering, the remainder of the plastic binder is eliminated, and the metal particles diffuse with each other to form 96-98% dense material without losing its shape integrity.

Beverly Hills–based investment firm Platinum Equity today announced it has signed a definitive agreement to acquire Husky IMS International Ltd. (Bolton, ON, Canada) for a reported $3.85 billion. The transaction is expected to close during the second quarter of 2018. Members of Husky’s management team will remain significant investors in the business through continued equity ownership, according to a press release.

“Husky is an extraordinary company with a well-deserved reputation for developing the industry’s most innovative technology,” said Louis Samson, the Platinum Equity Partner who led the transaction. “John Galt and his team have built one of Canada’s most successful enterprises and a truly world class industrial company. We are excited to partner with such an exceptional leadership team and we aim to help them continue raising the bar.”

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Platinum Equity is purchasing the company from Boston-based private equity firm Berkshire Partners LLC and OMERS Private Equity Inc., the private equity arm of OMERS, the defined benefit pension plan for Ontario’s municipal employees. They bought Husky for $2.1 billion from Toronto-based private equity major Onex Corp. in 2011.

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Today’s manufacturing industry requires small & precision parts with high performance and reliability at a competitive cost. This 45-minute Webinar discusses a unique process that eliminates the need for complex, expensive machining when producing small, intricate steel and stainless steel components for automotive, Industrial and consumer product applications. The process is metal injection molding – also known as MIM. The presentation also examines how switching to the MIM process can result in a minimum 30% cost reduction for specific applications.

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An industrial technology provider to the plastics processing community, Husky has manufacturing facilities in eight countries and a sales and services presence in more than 100 others. Approximately 75% of its sales are generated outside North America.

The sintered MIM components display strength characteristics comparable to machined components. The process is highly scalable, and the material options include all varieties of steels, stainless steels, titanium, nickel super alloys, tungsten alloys, tool steels.