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4/24/2009

Milacron and Chemtura File For Bankruptcy Protection

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Two big filings for Chapter 11 bankruptcy protection occurred in March.

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Two big filings for Chapter 11 bankruptcy protection occurred in March. Both were voluntary filings, and the companies will continue normal operations. Milacron Inc., Cincinnati, announced its filing and signed an agreement in principle for an investor group to purchase nearly all of the company’s assets. The Chapter 11 filing affects only North American operations. Chemtura Corp., Middlebury, Conn., a supplier of plastics additives and urethane elastomer chemicals, also included only its U.S. operations in its Chapter 11 filing.

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