Exhibit 99.1
                            Joint News Release
Contact:  UNOVA - Dirk Koerber -
                  (310) 8882575 or
                - David S. Brooks 
                  (310) 8882572

         Cincinnati Machine -
                  Mark Adkins 
                  (513) 841-7775 

         Milacron -
                  Albert Beaupre 
                  (513) 841-7241
          
                        UNOVA Completes Acquisition
                   Of Cincinnati Milacron's Machine Tool Group
                         
     BEVERLY HILLS, CA and CINCINNATI, OH - October
5, 1998 UNOVA, Inc. (NYSE:UNA) and Cincinnati
Milacron Inc. (NYSE:CMZ) announced today the
completion of UNOVA's acquisition of Milacron's
machine tool business for $180 million in cash,
subject to post-closing adjustments.

     The division will be renamed "Cincinnati
Machine, a UNOVA Company" and become part of
UNOVA's Industrial Automation Systems (IAS)
segment, based in Warren, Michigan.  UNOVA had 1997
sales of $1.5 billion, of which $800 million came
from the IAS segment, which designs and installs
manufacturing systems. Cincinnati's machine tool
operations are expected to have revenues in excess
of $ 450 million this year.  Together, the
operations will rank as one of the largest
manufacturing systems and machine tool companies in
the world.

     Cincinnati Milacron Inc. is changing its name
to "Milacron Inc." and its NYSE stock trading
symbol to "MZ."  The new Milacron will concentrate
on its two larger businesses: plastics technologies
and industrial products for metalworking, with
combined revenues approaching $1.6 billion in 1998.
The sale of Milacron's machine tool business will
result in an after-tax book loss currently
estimated at $35 million, or $.90 per share, which
will be recorded in the third quarter.

     Headquartered in Southern California, UNOVA is
a major industrial technologies company. It has
global leadership positions in manufacturing
systems and machine tools for the global
automotive, aerospace and general metalworking
industries and for automated data collection,
mobile computing, bar code and radio frequency
identification systems for industrial,
distribution, transportation, logistics and
government applications. Including the new
division, UNOVA will employ approximately 10,000
people.

     Milacron is a world leader in plastics-
processing technologies and industrial consumable
products for metalworking.  The company has major
manufacturing facilities in North America and
Europe and 11,500 employees worldwide. Milacron's
plastics technologies include injection molding
machines, blow molding equipment, extrusion systems
and wear items, mold bases, mold-making equipment
and mold components and after-market parts and
services.  Industrial products include carbide
metalcutting inserts, insert holders, carbide and
high-speed steel round tools, metalworking fluids,
chemical and tool management services, precision
grinding wheels, carbide wear parts and industrial
magnets.  Sales in 1999 are expected to reach $1.8
billion.

     The above forward-looking statements by their
nature involve risks and uncertainties that could
significantly impact operations, markets, products
and expected results.  For
further information, please refer to the Cautionary
Statements included in UNOVA's and Cincinnati
Milacron's most recent Forms 10-Q on file with the
Securities and Exchange Commission.
Supplemental releases were also issued today by
both companies.
                       -end-