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Hillenbrand ( (HI) ) has provided an update.
On March 31, 2025, Hillenbrand, Inc. completed the sale of its majority interest in the Milacron injection molding and extrusion business to Bain Capital for $287 million. This transaction, part of Hillenbrand’s strategic portfolio transformation, allows the company to focus on its core process and automation equipment for the food, pharmaceutical, and polymer markets. Hillenbrand retains a 49% stake in Milacron, while Bain Capital takes operational control, aiming to drive future growth and success for Milacron. The net proceeds of approximately $250 million after tax will be used to reduce Hillenbrand’s debt.
More about Hillenbrand
Hillenbrand is a global industrial company that provides highly-engineered, mission-critical processing equipment and solutions to customers worldwide. Its portfolio includes leading industrial brands serving large markets such as durable plastics, food, and recycling.
YTD Price Performance: -18.17%
Average Trading Volume: 455,201
Technical Sentiment Signal: Buy
Current Market Cap: $1.76B
Learn more about HI stock on TipRanks’ Stock Analysis page.