Milacron Announces Share Repurchase Program

CINCINNATI--(BUSINESS WIRE)-- Milacron Holdings Corp. (“Milacron”) (NYSE:MCRN), a leading industrial technology company serving the plastic processing industry, today announced that its board of directors has authorized a program to repurchase up to $125 million of its outstanding common stock over a two-year period.

“Our board of directors’ action reflects our continued commitment to deliver shareholder returns through disciplined capital allocation. It demonstrates our confidence in the Company’s ability to generate strong cash flows in the future,” said Tom Goeke, Milacron’s President and Chief Executive Officer.

“With restructuring coming to a close and our accelerated debt repayment program nearing its target, we will have additional cash flow and financial flexibility in 2019 and beyond. Having the ability to buy back shares gives us an additional way to create shareholder value. Our balanced approach to capital allocation includes: organic and strategic growth opportunities, debt pay down, and share buybacks,” said Bruce Chalmers, Milacron’s Chief Financial Officer.

Milacron may purchase shares on a discretionary basis, through open market purchases, block trades, privately negotiated transactions and/or derivative transactions, subject to market conditions and Milacron’s ongoing determination that it is the best use of available cash. The repurchase authorization does not obligate Milacron to acquire any common stock.

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