Court Approves Sale of Milacron to Investor Group

Completion of Sale Targeted for July
BATAVIA, Ohio--(Business Wire)--
Milacron Inc. (Pink Sheets:MZIAQ), a leading global supplier of
plastics-processing technologies and industrial fluids, announced that the U.S.
Bankruptcy Court in its Chapter 11 proceeding has approved the sale of
substantially all of the company`s assets to a group of existing investors led
by Avenue Capital Group and DDJ Capital Management LLC, in keeping with a
previously announced agreement. The sale is expected to be completed in July.

"There was considerable interest in the company, but in the end, the existing
investor group`s offer was the highest," said Dave Lawrence, CEO of Milacron.
"These are investors who understand our company, our customers and the markets
that have long relied on Milacron`s products and services. Their continued
confidence in our brands, people and products is enabling us to complete the
bankruptcy process quickly and emerge as a much healthier company."

The continued confidence of Milacron`s investors enables the company to continue
its long tradition of industry leadership and innovation. The company will be
positioned more competitively, and solid financial backing strengthens its
ability to meet the evolving needs of customers worldwide.

"Milacron is poised to do well, particularly as world markets improve," Lawrence
said. "The new ownership will enhance our ability to further advance our
technologies, to develop new strategic partnerships and to expand our services
to customers across the globe. Especially during these challenging economic
times, it`s our goal as an industry leader to equip our customers with every
possible advantage."

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.

The forward-looking statements above by their nature involve risks and
uncertainties that could significantly impact operations, markets, products and
expected results, including the current ongoing credit crisis, the deteriorating
global economy, the potential adverse impact of its Chapter 11 cases on the
company`s operations and relationships with customers and suppliers and its
ability to close the definitive asset purchase agreement. For further
information please refer to the Cautionary Statement included in the company`s
most recent Form 10-Q on file with the Securities and Exchange Commission.The
company disclaims any obligation to update such forward-looking statements.

First incorporated in 1884, Milacron is a leading global supplier of
plastics-processing technologies and industrial fluids, with major manufacturing
facilities in North America, Europe and Asia. For further information, visit
www.milacron.com or call the toll-free investor line: 800-902-6452

Milacron Inc.
Al Beaupré, 513-536-3572 or 513-310-2038
albert.beaupre@milacron.com
or
Dinsmore & Shohl LLP
Kim Martin Lewis, 513-977-8200
kim.lewis@dinslaw.com

Copyright Business Wire 2009