Hillenbrand to acquire Coperion
Coperion ideal match for US-based industrial company
Hillenbrand has agreed to acquire the Coperion Group. The transaction is anticipated to close by December 31, 2012, subject to regulatory approvals. Hillenbrand is a US-based, strategic global diversified industrial company, publicly listed on the New York Stock Exchange and will acquire Coperion from Deutsche Beteilungs AG.
Coperion will be part of Hillenbrand’s Process Equipment Group (PEG). The PEG is a recognized leader in the design, production, marketing and servicing of equipment and systems used in processing applications for a wide range of industrial markets. Its three operating companies are K-Tron, which focuses primarily on feeding and pneumatic conveying equipment; Rotex, a manufacturer of separation equipment, including gyratory and vibratory screeners and sifters; and TerraSource Global, which makes size reduction equipment, conveying systems and screening equipment.
“Coperion is an international market and technology leader with a remarkable global network – in manufacturing and engineering as well as sales and services. This acquisition will enhance Hillenbrand’s growth strategy and strengthens our position in key markets such as the plastics, chemicals, food and minerals industries. Both companies share a common vision of the future for the process equipment industry.” says Joe Raver, President of Hillenbrand’s Process Equipment Group.
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