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Coperion FHN parent company acquired in $3.8 billion deal

Coperion FHN parent company acquired in $3.8 billion deal
GRAPHIC COLLAGE BY AVANT FOOD MEDIA
BY: Lily Cota

Lily Cota

BATESVILLE, IN — Hillenbrand, Inc., parent company of Coperion Food, Health & Nutrition (FHN), has officially been acquired by Lone Star Funds. This follows the company’s announcement about the transaction last fall.

An affiliate of Lone Star completed the acquisition of Hillenbrand in an all-cash transaction with a total enterprise value of approximately $3.8 billion.

“With the close of this transaction, we build upon the momentum that is already underway and will execute our strategic plans with Lone Star,” said Kim Ryan, president and CEO of Hillenbrand. “We are focused on continuing to serve our customers and deliver growth together with Lone Star. I am grateful for the dedication of all our associates and remain confident in our ability to deliver differentiated, customer-centric solutions around the world.”

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Through the deal, Hillenbrand’s common stock has ceased trading and will be delisted from the New York Stock Exchange. The company will continue operating under the Hillenbrand name.

“We are thrilled to reach this milestone and look forward to partnering with Hillenbrand’s management team,” said Donald Quintin, CEO of Lone Star. “Hillenbrand is well-positioned to drive growth and innovation with our investment in the business.”

On LinkedIn, Coperion FHN shared it’s looking forward to working with both organizations in this next chapter.

“We remain focused on delivering high-quality, innovative equipment solutions and supporting our customers with the same commitment and expertise,” the company said.

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