Plummet In Sales Forces Milacron Into Ch. 11

Law360, New York (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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.