EXHIBIT 99.1
MILACRON
MANUFACTURING TECHNOLOGIES

                                                                    NEWS RELEASE




             MILACRON FINALIZES DEBT STRUCTURE WITH EXCHANGE OFFER


CINCINNATI,  OHIO, October 13,  2004...Milacron Inc. (NYSE: MZ) has initiated an
offer to exchange new  registered  11 1/2% Senior Notes due 2011 for any and all
of its  outstanding  11 1/2%  Senior  Notes due 2011.  The offer is  subject  to
conditions  described in the prospectus  dated October 6, 2004,  currently being
mailed to holders.  As is customary,  making the exchange offer is a requirement
in the terms of the existing notes,  which were  originally  issued in a private
placement  completed  in  June.  The new  registered  notes  will be free of the
transfer  restrictions  that  apply  to the  company's  current  notes  but will
otherwise have substantially the same terms.

U.S. Bank National  Association  is acting as the exchange  agent for the offer,
which is scheduled to expire at 5:00 p.m.,  New York City time,  on November 15,
2004, unless extended by Milacron.

This press release shall not constitute an offer to sell or the  solicitation of
an offer to buy, nor shall there be any sale of these securities in any state in
which such offer,  solicitation  or sale would be unlawful prior to registration
or qualification under the securities laws of any such state. This press release
shall not constitute a prospectus.

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First   incorporated  in  1884,   Milacron  is  a  leading  global  supplier  of
plastics-processing technologies and industrial fluids, with 3,500 employees and
major  manufacturing  facilities in North America,  Europe and Asia. For further
information,  visit  www.milacron.com  or  call  the  toll-free  investor  line:
800-909-MILA (800-909-6452).


CONTACT: AL BEAUPRE (513) 487-5918