BATAVIA, Ohio (AP) -- The remaining business unit of a Cincinnati area company once known around the world for machine tools is seeking Chapter 11 bankruptcy protection.
Officials say Milacron Inc. has struggled with weakening sales of its plastics processing equipment and industrial cutting fluids.
The company once known as Cincinnati Milling Machine Co. was founded in 1884 and later became Cincinnati Milacron. It sold its machine tool division in 1998 and shortened its name to Milacron Inc.
Tuesday's bankruptcy filing says Milacron has cut about 240 jobs in the past year and has implemented rotating employee furloughs and wage freezes. The company based in Batavia employs about 3,000 worldwide, including about 800 in southwest Ohio.