Hillenbrand agrees to be purchased by private equity firm

(BATESVILLE, Ind.) – Batesville-based Hillenbrand Inc. will be acquired by private equity firm Lone Star Funds in a deal worth reportedly $3.8 billion. 

The all-cash transaction is valued at $32 per share and Hillenbrand will become a privately-held company upon completion. 

"Over the past several years, Hillenbrand has made tremendous progress transforming into a pure-play industrial company, reshaping our portfolio, and making strategic investments in the business," said Hillenbrand CEO Kim Ryan.

"We look forward to working with Lone Star to enhance our scale, create opportunities for our associates, and continue to drive growth and innovation within the durable plastics, food, and recycling end markets," she added.

Hillenbrand provides highly-engineered processing equipment and solutions to customers around the world through its Advanced Process Solutions and Molding Technology Solutions segments.

Over the past three years, Hillenbrand has repositioned the business, strengthening and streamlining its portfolio through strategic acquisitions and divestitures and building out its industrial food equipment portfolio.

"We are excited to partner with Hillenbrand, a high-quality operator in the industrial equipment sector," said Donald Quintin, Chief Executive Officer of Lone Star. "Lone Star is fortunate to have a long track record in related industrial manufacturing, and our expertise will be brought to bear in partnering with Hillenbrand's management team to invest in the business and help foster continued growth and innovation at the company. We are honored to be the partners to take the Hillenbrand name and dedicated team into the next chapter of success."

The deal is expected to be complete in early 2026.