Business News

MILACRON TO REQUEST COURT APPROVAL OF SALE TO INVESTOR GROUP

Monday 29. June 2009 - Milacron Inc. (MZIAQ.PK), a leading global supplier of plastics-processing technologies and industrial fluids, said that, as of the June 24 bid deadline established by the Bankruptcy Court in its Chapter 11 proceeding, it had not received an offer for its assets higher than the one made in the definitive agreement reached last month with a group of existing investors.

As a result, at a hearing scheduled for tomorrow, June 26, Milacron will ask the Court to approve the sale of its assets pursuant to the previously announced definitive agreement. If approval is granted, the company would expect to complete the sale within the next month.

On May 3, Milacron signed a definitive agreement to sell substantially all of its assets to a company formed by a group holding approximately 93% of the company’s 11-1/2% Senior Secured Notes. This definitive agreement was subject to higher offers from other parties, which were solicited in accordance with Court-approved bid procedures. Although substantial interest was expressed, it did not result in the submission of a higher offer by the bid deadline.

Information about the Chapter 11 case, including access to court documents, can be obtained at www.kccllc.net/milacron or through a link to this service on www.milacron.com.