Hillenbrand, Inc.: M&A transaction — Hillenbrand closes $730M acquisition of Schenck Process FPM; expects $540M revenue, $68M EBITDA

Hillenbrand, Inc.

Enterprise value ~$730M; total cash consideration ~$739M, subject to adjustments.
FPM expected to generate ~$540M revenue and ~$68M EBITDA in full calendar year 2023.
Deal is accretive to adjusted EPS in first full year; ROIC expected to exceed cost of capital by year five.
FPM joins Advanced Process Solutions segment, expanding food, durable plastics, and chemical end markets.
FPM has over 1,300 employees globally, with ~85% of revenue generated in North America.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Hillenbrand, Inc. completed an acquisition involving Schenck Process Holding GmbH for approximately $739 million in cash (closed 2023-09-01).

Action: acquisition
Counterparty: Schenck Process Holding GmbH
Consideration: approximately $739 million in cash
Closing: 2023-09-01

Exact text from the filing

owned subsidiaries of Hillenbrand of all of the outstanding equity interests in entities that own the FPM operating companies for total aggregate consideration of approximately $739 million in cash, reflecting an enterprise value of approximately $730 million plus cash acquired at closing, subject to specified adjustments as set forth in the Agreement. The

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Source: SEC EDGAR

accession 0001104659-23-097496

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