– Hillenbrand, Inc. has entered into a definitive agreement to be acquired by an affiliate of Lone Star Funds.
– The transaction is an all-cash deal valued at $32.00 per share, representing an enterprise value of approximately $3.8 billion.
– The purchase price reflects a 37% premium over Hillenbrand’s unaffected closing share price on August 12, 2025, and a 53% premium over the 90-day VWAP ending on that date.
– Hillenbrand operates globally through two main segments: Advanced Process Solutions and Molding Technology Solutions.
– Over the past three years, the company has streamlined its portfolio, completed strategic acquisitions and divestitures, and expanded its industrial food equipment business.
– Helen Cornell, Chairperson of the Board, stated that the deal provides immediate and certain cash value to shareholders and follows a review of multiple strategic alternatives.
– Kimberly K. Ryan, President and CEO, highlighted Hillenbrand’s transformation into a pure-play industrial companyand emphasized that Lone Star recognizes the company’s progress and growth potential in durable plastics, food, and recycling markets.
– Donald Quintin, CEO of Lone Star, expressed confidence in Hillenbrand’s operations, noting Lone Star’s industrial manufacturing expertise and intent to invest and drive continued growth and innovation.
– The Hillenbrand Board of Directors unanimously approved the transaction after evaluating several strategic options.
