Shah Capital buys more shares of Milacron in possible activist move

By Lisa Kerner

Charlotte, N.C., Dec. 5 - Milacron Inc. investor Shah Capital Management reported owning 527,061 shares, or 9.49%, of the company's stock in a Dec. 5 schedule 13D filing with the Securities and Exchange Commission.

Shah "may at times make proposals to the management if it is judged to raise corporate value," according to the filing.

In a Nov. 20 SEC filing, Shah reported owning 322,061 shares, or 5.81%, of Milacron's outstanding stock. The shares were acquired as an investment and the purchase was "not made for acquiring control," the filing stated.

Milacron is a Cincinnati-based supplier of plastics-processing technologies and industrial fluids.

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