Posted July 12, 2019

Hillenbrand to acquire Milacron

Hillenbrand Inc. and Milacron Holdings Corp. have entered into a definitive agreement under which Hillenbrand will acquire Milacron for approximately $2 billion.

The cash and stock transaction includes net debt of approximately $686 million.

Milacron manufactures, distributes, and services engineered and customized systems in the approximately $30 billion plastics technology and processing industry, as well as fluid technologies and processing systems. Milacron operates in three segments: Melt Delivery & Control Systems, which designs and manufactures highly engineered, technically advanced hot runner and process control systems, mold bases, and components; Advanced Plastics Processing Technologies, which designs and manufactures plastics processing equipment and systems, including injection molding, extrusion, and auxiliary systems; and Fluid Technologies, which manufactures products that are used in a variety of metalworking processes.

“This transaction meaningfully transforms our portfolio and product offering by adding Milacron’s leading technology solutions and sizable installed customer base to help us drive long-term growth," said Joe Raver, president and chief executive officer of Hillenbrand.