STUTTGART, GERMANY — Hillenbrand, Inc. has entered into a definitive agreement to acquire Schenck Process Food and Performance Materials (FPM) business. FPM designs, manufactures and services baking, depositing, milling, feeding, filtration and material handling equipment, as well as systems for the food, plastics, chemicals and construction material industries.
“We are excited to have a partner in Coperion that shares our commitment to providing leading solutions and service to customers that exceed their needs,” said Jay Brown, president of FPM. “This acquisition provides global growth opportunities this transaction presents, and I am confident that by combining our complementary strengths, we will be able to offer enhanced comprehensive processing solutions to customers around the world.”
FPM will become a part of Coperion’s Food, Health & Nutrition Division, joining previous acquisitions Linxis Group, Peerless and Gabler. The division includes brands such as Bakon, Coperion K-Tron, Diosna, Gabler Engineering, Peerless, Shaffer, Shick Esteve, Unifiller and VMI, which serve customers in more than 100 countries. Key brands of FPM such as Baker Perkins, Kemutec and Raymond Bartlett Snow (RBS) will join the Coperion brands in providing technologies and solutions across a variety of end markets.
“FPM’s strong brands and deep expertise directly align with the growth strategy of Coperion’s Food, Health & Nutrition Division,” said Ulrich Bartel, president of Coperion. “This acquisition builds on the momentum generated over the last twelve months as Coperion has built up its strategic strength in the food-end market and expanded its footprint, enabling our team to provide more solutions to customers around the world.”
