Hillenbrand, Inc. has entered into a definitive agreement to acquire Herbold Meckesheim GmbH (Herbold) for an enterprise value of approximately $81 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.
At the completion of this transaction, Herbold will join the Coperion and Rotex brands as part of Hillenbrand’s Advanced Process Solutions (APS) segment. The APS segment is focused on highly engineered industrial processing solutions and aftermarket parts and services for a variety of end markets and applications.
Hillenbrand expects to use cash on hand and cash available under its revolving credit facility to fund this acquisition.
Published in the August 2022 Edition