EXHIBIT 23.2     
 
                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
 
  As independent public accountants, we hereby consent to the use of our report
dated February 15, 1993 on the consolidated financial statements of GTE
Valenite Corporation and subsidiaries incorporated by reference in Cincinnati
Milacron Inc.'s registration statement on Form S-4.
                                             
                                          /s/ Arthur Andersen & Co.     
                                             
                                          ARTHUR ANDERSEN & CO.     
   
July 6, 1994,     
Detroit, Michigan