Milacron to Be Sold to Investor Group

WEB EXCLUSIVE Last month, Milacron Inc., Batavia, Ohio, signed a definitive agreement to sell its assets to a company formed by affiliates of Avenue Capital Group and of DDG Capital Management LLC, as well as other investors that hold 93% of the company’s senior secured notes.

WEB EXCLUSIVE Last month, Milacron Inc., Batavia, Ohio, signed a definitive agreement to sell its assets to a company formed by affiliates of Avenue Capital Group and of DDG Capital Management LLC, as well as other investors that hold 93% of the company’s senior secured notes. The deal is substantially the same as the agreement in principle announced in March, when Milacron filed for Chapter 11 protection. The sale is subject to Bankruptcy Court approval. If any other qualified bid is received, the sale would be decided by an auction in July.