Hillenbrand to Acquire Germany-based Herbold Meckesheim

Hillenbrand, Inc. (NYSE: HI) has entered into a definitive agreement to acquire Herbold Meckesheim GmbH (Herbold) for an enterprise value of approximately €79 million. The transaction is expected to close during the fiscal fourth quarter of 2022, subject to regulatory approval and customary closing conditions.

Based in Meckesheim, Germany, Herbold is a leader in recycling systems, specializing in key process steps such as washing, separating, drying, shredding, and pulverizing. With annual revenue of more than €50 million, Herbold is highly complementary to the equipment and solutions offered under our Coperion brand and will accelerate Hillenbrand's growth opportunities in the recycling end market.

Full Story courtesy of Yahoo! Finance