Milacron to Request Court Approval of Sale to Investor Group

BATAVIA, OHIO, June 25, 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.

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: 800-909-6452.

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Contacts
Bob Starr, Milacron Marketing: 248-544-5718 or bob_starr@milacron.com
Mary Scheibel, 414-270-3513 mscheibel@insidesh.com