Milacron Inc of Cincinnati filed for Chapter 11 bankruptcy protection in March of this year, claiming assets of about $175 million. In US Bankruptcy Court, the sale of those assets was recently approved by a judge.
Milacron’s assets will be sold to Avenue Capital Group and DDJ Capital Management LLC by the end of July. As part of the deal, the buyers will repay Milacron’s debtor in possession loans as well as assuming their other liabilities.
If you are considering bankruptcy, contact the Boston bankruptcy attorneys of Joshua Spirn & Associates at 800-975-5346.
