Milacron Holdings Corp. (MCRN - Free Report) recently announced that its DME product brand, a leader in mold technologies, has signed a distribution agreement with Hawk Mold and Die Supply Inc. The partnership will expand Milacron’s reach in Northeast and Mid-Atlantic regions.
Based in Pipersville, PA, Hawk Mold and Die Supply is a supplier of quality mold bases and mold components. Per the latest agreement, Hawk Mold and Die Supply will be a DME exclusive East Coast distributor.
The contract will also bring the largest inventory of injection-molding technology and supplies in the region. Notably, Hawk Mold and Die Supply will now offer its customers a diversified product catalog with Milacron DME’s industry-leading mold technologies and industrial supplies.
Milacron remains focused on building strategic global partnerships providing customers superior products at the lowest cost. Its focus on geographic expansion of certain product lines, continued penetration of hot runners, and incremental share gain from new products will also drive growth.
In addition, Milacron will benefit from implementing corporate buying agreements with select customers. The company will also gain from its efforts to capture more of customers’ spending on consumable products through Milacron’s lifecycle sales approach.
Milacron has outperformed its industry with respect to price performance over the past year. The stock has gained around 38% compared with 17% growth recorded by the industry during the same time frame.
Zacks Rank & Stocks to Consider
Milacron currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same sector are W.W. Grainger, Inc. (GWW - Free Report) , iRobot Corporation (IRBT - Free Report) and Lawson Products, Inc. (LAWS - Free Report) . All three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Grainger has a long-term earnings growth rate of 12.5%. The stock has appreciated 119% in a year’s time.
iRobot has a long-term earnings growth rate of 19.5%. Its shares have been up 19% in the past year.
Lawson Products has a long-term earnings growth rate of 17.5%. The company’s shares have rallied 57% over the past year.
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