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Plummet In Sales Forces Milacron Into Ch. 11

Law360 (March 10, 2009, 12:00 AM EDT) -- Milacron Inc., a supplier of plastics-processing technologies and industrial fluids, has filed for bankruptcy protection, citing an extreme drop-off in orders in recent months amid the global economic crisis.

Ohio-based Milacron said an increasing lack of liquidity pushed it to file a Chapter 11 petition in the U.S. Bankruptcy Court for the Southern District of Ohio on Tuesday, as well as a similar proceeding in Canada.

The moves will allow the company to continue operations as normal while restructuring, Milacron said.

The bankruptcy filings include only...
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