Milacron Holdings Corp. (NYSE: MCRN) is buying CanGen Holdings Inc. for an undisclosed amount.

Based in Atlanta, Georgia, CanGen manufactures screws, barrels and other parts for the construction and packaging sector, through its Canterbury Engineering and Genca subsidiaries, generating about $20 million in annual sales. The target has another facility in St. Petersburg, Florida. Milacron, which has headquarters in Cincinnati, Ohio, makes hot runner systems and injection molding equipment for the automotive, aerospace, food and beverage, and packaging sectors.

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