Milacron’s First Klear Cans Hit Store Shelves; Partnering with S&W Fine Foods International (a Del Monte Pacific Ltd Company)

CINCINNATI–(BUSINESS WIRE)–Milacron Holdings Corp. (NYSE: MCRN), a leading industrial technology
company serving the plastics processing industry, has revolutionized the
canned food industry in partnership with S&W Fine Foods International, a
Del Monte Pacific Ltd company. This week S&W, a brand synonymous with
premium foods since its debut in 1896 in California, hit shelves in Asia
with their pineapple chunks and slices packaged in the Milacron Klear
Can. The Klear Cans are now on store shelves in Seoul, South Korea and
Shanghai, China.

After extremely successful qualitative testing with consumers in Asia
conducted by Nielsen Market Research, S&W Fine Foods International chose
the Milacron Klear Can for their products to highlight their products’
quality and freshness in a way that consumers can see through the
packaging. S&W Fine Foods International is the first company in the
world to offer tropical fruit in a clear plastic can. Recently,
thousands of cans were molded, filled, seamed, retorted and shipped to
grocers; the first markets to receive the Klear Can products are in Asia
with plans to expand over the coming year.

Milacron Co-injection developed the Klear Can, which is a disruptive
invention in food packaging. The Klear Can is an ideal alternative to
metal cans for fruits, vegetables, soups, meats, and other products. In
fact, the Klear Can is the first truly transformational innovation in
the canned food preservation industry’s nearly 200-year history. The
Klear Can’s unique crystal clear transparency allows Brands to
demonstrate the true quality of their products to consumers – starting
at the critical moment in store where most consumers make their purchase
decisions.

Brands, co-packers, converters and retailers can all easily integrate
the Klear Can product line into their existing global business model as
was the case for the S&W brand. The Klear Can offers very clear value to
all owners of the canning process. It provides brand owners the ability
to stand out versus competitive products found in metal cans. Co-packers
are able to easily integrate the one piece body into existing production
streams and require minimal customization or tooling additions.
Converters are able to take advantage of the co-injection molded can
with its repeatable and proven process using materials that are
available globally. And finally, the Milacron Klear Can provides
retailers with an attractive final product that is easily promoted,
easily displayed, stacked and merchandised.

The Klear Can’s clarity is far superior to the competitions extruded 3
piece “clear” plastic can. The extruded can offered by the competition
suffers from die mold streaking, greatly affecting clarity. The Milacron
Klear Can is also IML (In Mold Label) compatible, using the same
industry standard can ends, filling, seaming and retorting machinery as
metal cans. As such, minimal downstream investment is required and the
final product is stackable, all things the competition’s can is unable
to claim. Klear Can allows manufacturers the flexibility to mold cans at
the filling site (i.e., via ‘through-the-wall’ supply operations), which
offers operational efficiencies.

Milacron CEO, Tom Goeke stated, “After years of development and strong
positive consumer results, we’re excited to have S&W Fine Foods
International on-board as a partner to launch the Milacron Klear Can in
key global markets. We are also thrilled about the prospect of
transforming the metal can industry.”

The Milacron Klear Can is a patented co-injection molded, polypropylene
EVOH plastic can, which can be cooked and seamed meeting all industry
standards. The Klear Can is BPA-free for safe food contact, recyclable,
and is fully microwavable. It is designed to withstand standard retort
pressures and temperatures (up to 130° C). Klear Can uses a single
standard metal can end, and uses the industry standard can end
double-seam process; perfect for those who process foods in metal cans
today. Rigorous internal and third party testing has verified the Klear
Can seal integrity is approved and proven safe and reliable. In
addition, while Klear Can is lightweight, it is also stackable and
dent-resistant through all aspects of the manufacturing and
transportation process. Steve Morris, President Milacron Systems,
elaborated, “We’ve gained a tremendous amount of in-house technical
knowledge during the development of Klear Can, which allows us to
support our customers and the industry in the adoption of this
ground-breaking technology. Klear Can is a natural extension of
Milacron’s industry-leading co-injection molding expertise.”

The Milacron Klear Can is immediately available to leading-edge food
companies dedicated to being at the forefront of groundbreaking
innovation and to delivering new value-added product experiences to
consumers.

Milacron is the world’s largest supplier of turnkey co-injection systems
to the plastics and packaging industries. Milacron’s multi-layer
packaging technology is backed by over 20 years of experience and has a
dedicated development team to continually advance the technology.
Milacron Co-Injection meets the plastics industry’s need for high
barrier applications in food packaging, closures, medical and many other
applications.

Visit our dedicated Klear Can website at www.klearcan.com

Milacron continues to push the boundaries of possibilities in plastics
with breakthrough products from leading brands including Milacron®,
Mold-Masters®, DME®, Ferromatik®, Uniloy® and CIMCOOL®.

Download High Resolution Images: https://www.dropbox.com/sh/k7m53pmxot517m5/AAByHSKfikKFUoh7N_BBK5eCa?dl=0

About Milacron

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, mold
components, industrial supplies plus a wide market range of advanced
fluid technologies. Visit Milacron at www.milacron.com.

Contacts

Milacron Holdings Corp.
Media Contact:
Michael Ellis,
905-877-0185 ext. 354
Director of Marketing and Communications
[email protected]
Or
Investor
Relations:
Mac Jones, 513-487-5057
Director of Investor
Relations
[email protected]