Milacron and Mid-America Machining Jointly Announce Patent Lawsuit Has Been Resolved and Settled
Cincinnati, OH – July 14, 2016 – Milacron Holdings Corp. (NYSE: MCRN), and Mid-America Machining, Inc. (“Mid-America”) jointly announce that they have resolved and settled a patent lawsuit concerning blow molded plastic dairy containers. The specific terms of settlement are confidential.
Mark Berry, President and CEO of Mid-America Machining, Inc., said in a statement; “We are very pleased to return to our position in the marketplace as the industry’s exclusive provider of our patented light weight container designs. Furthermore, we respect Milacron’s right to make and sell its alternatively-styled lightweight container designs. Both parties have a long history of serving the blow molding industry, and we look forward to resuming business as usual as we each strive to support our customers in a very competitive marketplace.”
According to Dave Skala, General Manager of Milacron’s Global Blow Molding business, “Our companies – Milacron and Mid-America – both know and respect each other very well. I said at the outset of this lawsuit that Milacron has always respected other company’s patents, without compromise, just as we expect other companies to respect our patents. I am pleased that we were able to resolve the dispute in a manner that clearly validated our commitment to those principles. I am happy that Milacron will be able to sell its advanced, proprietary, and non-infringing lightweight container designs freely to those customers that prefer our design.”
The official court record shows that the lawsuit was dismissed on May 10, 2016.
Milacron is a global leader in the manufacture, distribution and service of highly engineered and customized systems within the plastic technology and processing industry. Milacron is the only global company with a full-line product portfolio that includes hot runner systems, injection molding, blow molding and extrusion equipment plus a wide market range of advanced fluid technologies. Visit Milacron at milacron.com
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