Husky Injection Molding Systems Ltd
- Husky Injection Molding Systems Ltd
Husky Injection Moulding Systems Ltd was founded by Robert Schad, a German immigrant who came to Canada in 1951 with $25 borrowed from an uncle and a letter from a family friend by the name of Albert Einstein. He was born in 1928, the son of a banker and a doctor who studied mechanical engineering for two years at the University of Karlsruhe before deciding to drop out and immigrate to Canada.
Husky manufactures a wide range of Injection molding machines, Injection Moulds, Hotrunners, Robots and auxiliary systems used in Plastics Manufacturing.
Husky's head office is located in Bolton, Ontario, Canada, and has many manufacturing facilities located across North America, Europe and Asia.
Husky currently employs over 3000 people worldwide, with revenues of $1 Billion.
They are the world leaders in Plastics Technology, specializing in PET for beverage packaging products, and whose machines and technologies produce 50% of the worlds plastic bottles.
Husky Ltd. has been a publicly traded company for over a decade and Robert Schad, the major shareholder, leading the company with his invaluable knowledge and experience. The Company's common shares are listed on the Toronto Stock Exchange.
As of 2006, Robert Schad has initiated retirement by stepping down as CEO, and divesting his controlling shares in the company.
On September 28th, 2007. Onex Corp. of Canada has agreed to a friendly buy-out of Husky Injection, including 44% of common shares owned by CEO Robert Schad. The deal is worth approx $948 million CD.
External links
* [http://www.husky.ca Husky website]
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