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October 5, 2007

CINCINNATI, OH, October 3, 2007 — Milacron Inc. (NYSE: MZ), a leading global supplier of plastics-processing technologies and industrial fluids, announced that the board of directors has approved the purchase by an affiliate of Bayside Capital, Inc. of a majority of the company’s 6% Series B convertible preferred stock, 57.5% of the total, from Glencore Finance AG, the original holder of the shares first issued in 2004.

“The challenge was finding a partner who saw the potential of Milacron’s global operation and wanted to work with management to create value for Milacron’s shareholders, yet who was willing to pay a fair price to the seller for what is in effect a controlling interest in Milacron,” commented Duane K. Stullich, managing director of FocalPoint. “Bayside, as specialists in investing in underperforming companies, understood the value of the installed base and was not intimidated by the continued off-shoring of manufacturing to China in the plastic processing sector.”

“We are looking forward to our involvement with Milacron,” saidJohn Bolduc, managing director of Bayside Capital.  “The company has an experienced management team, leading market position and is well positioned to take advantage of the opportunities in its markets.” 

Legal counsel on the transaction was provided primarily byCadwalader, Wickersham & Taft LLP, Greenberg Traurig, LLP,and Morris, Nichols, Arsht & Tunnell LLP.

About Milacron
Milacron Inc. (NYSE: MZ) is a world leader in plastics processing and metalworking technologies with major manufacturing facilities in North America, Europe and India and 11,000 employees worldwide. Plastics technologies include injection molding machines, blow molding equipment, extrusion systems and wear items, mold bases, mold-making equipment and mold components, as well as aftermarket and MRO (maintenance, repair and operating) parts and services. Metalworking technologies include carbide metal cutting inserts, insert holders, carbide and high-speed steel round tools, metalworking fluids, chemical and tool management services, precision grinding wheels and carbide wear parts.

About Bayside Capital
Bayside Capital is an affiliate of H.I.G. Capital, a leading middle market private equity investment firm specializing in acquisitions and recapitalizations of middle market businesses.  Founded in 1993, H.I.G. Capital has over $4 billion of committed equity capital under management and is one of the most active private equity investors in small and medium-sized companies. 

About Glencore
Glencore is a privately held company owned by its management and employees. Headquartered in Baar, Switzerland, Glencore directly or indirectly employs over 50,000 people worldwide in some 50 offices in over 40 countries. 

About FocalPoint
FocalPoint is a Los Angeles-based independent investment bank, specializing in mergers and acquisitions, private placements (both debt and equity), and financial restructurings. The firm’s primary focus is on middle-market companies in five key sectors which include business services, health care, consumer, technology, and industrials.

Please contact Duane Stullich at (310) 405-7070 with any questions about this transaction.