M&A Deal Summary

Hillenbrand Acquires Milacron Holdings

On July 12, 2019, Hillenbrand acquired plastics company Milacron Holdings for 2.0B USD

Acquisition Highlights
  • This is Hillenbrand’s 1st transaction in the Plastics sector.
  • This is Hillenbrand’s 2nd largest (disclosed) transaction.
  • This is Hillenbrand’s 5th transaction in the United States.
  • This is Hillenbrand’s 2nd transaction in Ohio.

M&A Deal Summary

Date 2019-07-12
Target Milacron Holdings
Sector Plastics
Buyer(s) Hillenbrand
Deal Type Add-on Acquisition
Deal Value 2.0B USD
Advisor(s) Barclays Investment Bank (Financial)
Ropes & Gray (Legal)

Target

Milacron Holdings

Cincinnati, Ohio, United States
Milacron Holdings Corp. provides plastics processing equipment, technologies, and services. It offers hot runner systems, temperature controllers, and auxiliary equipment; and mold bases, mold components, cold runner systems, and control systems for the plastics industry. Milacron Holdings was founded in 2000 and is based in Cincinnati, Ohio.

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Buyer(S) 1

Buyer

Hillenbrand

Batesville, Indiana, United States

Category Company
Founded 1906
Sector Machinery
Employees10,400
Revenue 2.8B USD (2023)
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 6 of 8
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 5 of 6
State (Ohio) 2 of 2
Country (United States) 5 of 6
Year (2019) 1 of 1
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-02 Red Valve

Pittsburgh, Pennsylvania, United States

Red Valve Co., Inc. is a provider of highly-engineered machinery designed to operate in the harshest municipal and industrial wastewater environments. The company's products support mission-critical applications in water, power and mining, and other general industrial markets. Red Valve was formed in 1953 and is based in Pittsburgh, Pennsylvania.

Buy $132M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-20 Hillenbrand - Cimcool Business

Batesville, Indiana, United States

Hillenbrand, Inc.'s Cimcool Business is an expert and manufacturer of quality metalworking fluids. Its suite of products offers removal, forming, protective and cleaning fluids for a diverse set of markets. Completely self-sufficient, Cimcool develops, produces and distributes its products globally.

Sell -