In late August, Milacron LLC, Batavia, Ohio, completed its purchase of the former Milacron Inc. The new company is owned by a group of investors led by Avenue Capital Group and DDJ Capital Management LLC. The Milacron businesses emerged from Chapter 11 bankruptcy upon completion of the purchase.
Milacron LLC is now headed by Dennis Smith, president and CEO, who comes from outside the company. He will also serve as president of Uniloy, while Dave Lawrence, previously CEO of Milacron, Inc., is now president of the Injection/Extrusion Plastics Machinery and D-M-E businesses.