CompoSecure to acquire Husky in $5B transaction

Husky Technologies Ltd., considered one of the largest suppliers of equipment and aftermarket services to the plastics industry, will be acquired by CompoSecure Inc. in a $5 billion transaction, according to a Wall Street Journal report.

The report says the sale will be funded in part by a nearly $2 billion private investment in public equity, or PIPE, that is expected to be offered at $18.50 per share of CompoSecure common stock. The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions, including regulatory approval.

According to Somerset, New Jersey-based CompoSecure, which manufactures metal payment cards and specializes in security and authentication solutions, the combined business will be valued at approximately $7.4 billion.

“We are delighted to announce the business combination with Husky,” CompoSecure Executive Chairman Dave Cote says. “This is a business Tom [Knott] and I have long admired, and it hits all the key criteria we look for in every investment—it holds a great position in a good industry, significant technology differentiation, organic and inorganic growth possibilities and margin expansion potential. We are excited to begin working with the Husky team and believe the combined business is uniquely well positioned to deliver for investors.”

CompoSecure says Husky, headquartered in Bolton, Ontario, will be run as a standalone business and will continue to operate under its current management team. Husky CEO Bradley Selleck says the business combination supports Husky’s long-term strategy and reinforces its commitment to innovation, operational strength and customer partnership, ensuring continuity for employees and customers while enabling long-term investment.

Founded in 1953, Husky is a global supplier of injection molding equipment, molds, hot runners and more used to make a variety of plastic products for industries that include food and beverage, medical and electronics. The company has 35 locations globally, including U.S. facilities in Milton, Vermont; Jeffersonville, Indiana; and San Dimas, California.

“Husky Technologies will build on the strong foundation we’ve established over our 72-year history,” Selleck says. “With CompoSecure’s long-term partnership, we will continue to invest in the technologies, systems and capabilities that matter most to our customers and team members. Our focus remains on delivering high performance, reliability, service excellence and innovation.

“Husky will continue executing its current growth strategy, with sustainability and innovation remaining central to its future pipeline.”

Morgan Stanley & Co. LLC acted as financial advisor to CompoSecure on the transaction and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as its legal counsel. Goldman Sachs acted as exclusive financial advisor and Latham & Watkins LLP served as legal counsel to Husky.