BATESVILLE, IN — Hillenbrand, Inc. announced it has completed the acquisition of the Schenck Process Food and Performance Materials (FPM) business from Schenck Process Group for an enterprise value of approximately $730 million. Hillenbrand announced its intent to acquire FPM earlier this year.
FPM joins Hillenbrand’s Advanced Process Solutions (APS) segment, which focuses on industrial processing solutions and aftermarket parts and services for a variety of end markets and applications, including durable plastics, recycling and processed food.