secwatch.observer — SEC 8-K summary
======================================

Issuer:     Hillenbrand, Inc. (—)
CIK:        0001417398
Form:       8-K
Filed at:   2023-09-01T23:59:59+00:00
Accession:  0001104659-23-097496
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hillenbrand closes $730M acquisition of Schenck Process FPM; expects $540M revenue, $68M EBITDA
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1417398/000110465923097496/0001104659-23-097496-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1417398/000110465923097496/tm2325147d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-097496

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer