Acquisition on the horizon for Coperion parent company

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Acquisition on the horizon for Coperion parent company

15 Oct 2025

Maddie Lambert

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BATESVILLE, IN — Hillenbrand, Inc. announced that it has entered into a definitive agreement to be acquired by an affiliate of Lone Star Funds in an all-cash transaction valued at $32 per share, equating to an enterprise value of approximately $3.8 billion.

The purchase price represents a premium of approximately 37% over Hillenbrand’s unaffected closing share price on Aug. 12, and a premium of 53% over the volume-weighted average price of Hillenbrand common stock for the 90 days ending the same day.

Hillenbrand, the Coperion parent company, provides highly engineered processing equipment and solutions to its worldwide customer base through its Advanced Process Solutions and Molding Technology Solutions segments. Over the past three years, Hillenbrand has repositioned the business by strengthening its portfolio through strategic acquisitions and divestitures, thereby building out its industrial food equipment footprint.

“We are pleased to reach this agreement with Lone Star, which delivers immediate and certain cash value to our shareholders at a substantial premium to recent trading, and positions Hillenbrand to continue meeting and exceeding customers’ needs for highly engineered, mission-critical processing equipment and solutions,” said Helen Cornell, chairperson of Hillenbrand’s board of directors. “The board carefully reviewed a range of potential strategic alternatives, including interest from a number of parties, and determined that this transaction is in the best interest of Hillenbrand and its shareholders.”

“We look forward to working with Lone Star to enhance our scale, create opportunities for our associates, and continue to drive growth and innovation within the durable plastics, food, and recycling end markets.” — Kim Ryan | president and CEO | Hillenbrand

The Hillenbrand board of directors unanimously approved the transaction, which comes on the heels of the board’s review of several strategic alternatives for the company.

“Over the past several years, Hillenbrand has made tremendous progress transforming into a pure-play industrial company, reshaping our portfolio and making strategic investments in the business,” said Kim Ryan, president and CEO of Hillenbrand. “Lone Star recognizes this progress and sees a bright future, given our successful leading businesses and strong teams. We look forward to working with Lone Star to enhance our scale, create opportunities for our associates, and continue to drive growth and innovation within the durable plastics, food, and recycling end markets.”

The transaction is expected to close by the end of the first quarter of 2026 and is subject to customary closing conditions, including approval by Hillenbrand shareholders and receipt of required regulatory approvals. Hillenbrand, upon completion of the transaction, will become a privately held company, and its shares will no longer trade on the New York Stock Exchange.

“We are excited to partner with Hillenbrand, a high-quality operator in the industrial equipment sector,” said Donald Quintin, CEO of Lone Star. “Lone Star is fortunate to have a long track record in related industrial manufacturing, and our expertise will be brought to bear in partnering with Hillenbrand’s management team to invest in the business and help foster continued growth and innovation at the company. We are honored to be the partners to take the Hillenbrand name and dedicated team into the next chapter of success.”

As a result of this announcement, Hillenbrand will issue a press release for its fourth quarter and fiscal year 2025 earnings announcement, scheduled for Nov. 19. Additionally, Hillenbrand will not issue financial guidance for fiscal year 2026.

Evercore is serving as financial advisor to the transaction, and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel to Hillenbrand. Jefferies LLC and UBS Investment Bank are serving as financial advisors and Kirkland & Ellis is serving as legal counsel to Lone Star.

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