With bankruptcy behind it, Milacron gets back in black

09/29/2010

A year after emerging from Chapter 11 bankruptcy, Milacron LLC is back on solid financial footing under the ownership of Avenue Capital Group LLC — and will turn a profit in 2010 for the first time in nearly a decade, according to two top executives.

“We’re out in the marketplace letting people know that we’re here and we’re in great shape,” said Dave Lawrence, president of worldwide plastics machinery and DME Co., Milacron’s mold components business. “Financially we have not been in this position in years. We’ve got good products. We’ve got good people.”

Milacron has been restructured both financially and organizationally,...
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