M&A Deal Summary

Hillenbrand Acquires Schenck Process Food and Performance Materials

On May 24, 2023, Hillenbrand acquired machinery company Schenck Process Food and Performance Materials from Schenck Process for 7.3B USD

Acquisition Highlights
  • This is Hillenbrand’s 7th transaction in the Machinery sector.
  • This is Hillenbrand’s largest (disclosed) transaction.
  • This is Hillenbrand’s 6th transaction in the United States.
  • This is Hillenbrand’s 1st transaction in Missouri.

M&A Deal Summary

Date 2023-05-24
Target Schenck Process Food and Performance Materials
Sector Machinery
Buyer(s) Hillenbrand
Sellers(s) Schenck Process
Deal Type Divestiture
Deal Value 7.3B USD

Target

Schenck Process Food and Performance Materials

Kansas City, Missouri, United States
Schenck Process Food and Performance Materials (FPM) specializes in the design, manufacturing, and service of feeding, filtration, baking, and material handling technologies and systems. Schenck Process Food and Performance Materials is based in Kansas City, Missouri.

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Buyer(S) 1

Buyer

Hillenbrand

Batesville, Indiana, United States

website


Category Company
Founded 1906
Sector Machinery
Employees10,500
Revenue 2.9B USD (2022)
DESCRIPTION

Hillenbrand is a diversified industrial company with multiple market-leading brands that serve a wide variety of industries across the globe. Hillenbrand's portfolio is composed of two business segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service highly engineered industrial equipment around the world. Batesville is a recognized leader in the North American death care industry. Hillenbrand was founded in 1906 and is based in Batesville, Indiana.


DEAL STATS #
Overall 8 of 8
Sector (Machinery) 7 of 7
Type (Divestiture) 2 of 2
State (Missouri) 1 of 1
Country (United States) 6 of 6
Year (2023) 1 of 1
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 Batesville

Batesville, Indiana, United States

Batesville is a death care company that offers a comprehensive portfolio of burial and cremation products, memorialization options, and innovative technology solutions. For more than a century, it has supported licensed funeral professionals in helping families honor the lives of those they love. Batesville is based in Batesville, Indiana.

Sell -

Seller(S) 1

SELLER

Schenck Process

Darmstadt, Germany

website


Category Company
Founded 1881
Sector Machinery
Employees1,800
Revenue 408M EUR (2013)
DESCRIPTION

Schenck Process is a provider of solutions in measuring and process technologies in industrial weighing, feeding, screening and automation. Schenck develops, manufactures and markets a full range of solutions, products and turnkey systems on the basis of combining process engineering expertise, reliable components and field-proven technology. Schenck Process was founded in 1881 and is based in Darmstadt, Germany.


DEAL STATS #
Overall 2 of 2
Sector (Machinery) 2 of 2
Type (Divestiture) 2 of 2
State (Missouri) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-09 SP Mining

Australia

SP Mining is a global provider of high-capacity screening solutions, highly complementary to Sandvik's offering, and with a strong aftermarket business which includes application support, screen refurbishment, product engineering design and manufacturing and digital support services. Main R&D and production sites are located in Australia, with additional production units in South Africa, Brazil and China.

Sell -