Hillenbrand to acquire Coperion Group

Hillenbrand, Inc. has agreed to acquire the Coperion Group, Stuttgart, Germany. The transaction is anticipated to close by December 31, 2012, subject to regulatory approvals. Hillenbrand, Inc. (Hillenbrand), is a US-based, strategic global diversified industrial company, publicly listed on the New York Stock Exchange and will acquire Coperion from Deutsche Beteiligungs AG, a leading German private equity company.   

Coperion will be part of Hillenbrand’s Process Equipment Group (PEG). The PEG is a recognised 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, operating under the three brands Pennsylvania Crusher, Gundlach and Jeffrey Rader.  

This acquisition will enhance Hillenbrand’s growth strategy and strengthen its 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, according to Joe Raver, President of Hillenbrand’s Process Equipment Group.  For Coperion, the change of ownership opens up new opportunities in markets beyond the plastics industry.