Court Approves Sale of Milacron to Investor Group

Completion of Sale Targeted for July

BATAVIA, OHIO, June 29, 2009...Milacron Inc. (MZIAQ.PK), 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.
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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