Dive Brief:

• Cincinnati, OH-based Milacron Holdings filed with the SEC to raise up to $100 million in an initial public offering for the country’s largest manufacturer of plastic processing equipment.
• Renaissance Capital anticipates the IPO could easily surpass that amount, with estimates of $350 million not out of the question. 
• The company was previously listed on the New York Stock Exchange until May 2008 when it began trading on the OTC markets, following a $75 million dip in its market cap. 

Dive Insight:

Indicative of the times, the company filed for bankruptcy in March 2009, as the bottom fell out from under the construction and automotive industries in the U.S. Debt investors, Avenue Capital, and DDJ Capital took over the failing company, which oversaw CCMP acquire Milacron on April 2012.