Hillenbrand to Acquire Recycling Systems Provider in Germany - Modern Distribution Management

Hillenbrand to Acquire Recycling Systems Provider in Germany

Herbold will join the Coperion and Rotex brands as part of Hillenbrand's Advanced Process Solutions (APS) segment.
On June 30, Batesville, Indiana-based Hillenbrand Inc. announced it has agreed to acquire Herbold Meckesheim GmbH. Herbold serves as a recycling systems specialist and is headquartered in Meckesheim, Germany. 

On June 30, Batesville, Indiana-based Hillenbrand Inc. announced it has agreed to acquire Herbold Meckesheim GmbH. Herbold serves as a recycling systems specialist and is headquartered in Meckesheim, Germany. 

Hillenbrand said it will purchase Herbold for an enterprise value of approximately €79 million (approximately $82 million USD.)

Herbold will join the Coperion and Rotex brands as part of Hillenbrand’s Advanced Process Solutions segment, which focuses on industrial processing solutions and aftermarket parts and services for a variety of end markets and applications.

“Herbold expands our position in the recycling end market, which has attractive, long-term growth prospects due to macro demand drivers for durable plastics and the desire for more sustainable solutions,” said Kim Ryan, president and CEO of Hillenbrand. “Herbold will have a strong strategic fit with our Coperion brand, and together, we will be able to offer complete recycling solutions to our customers. Finally, we expect to enhance Herbold’s performance through the deployment of the Hillenbrand Operating Model and utilization of our global sales and service capabilities.”

The transaction is expected to close during the fiscal fourth quarter of 2022, subject to regulatory approval and customary closing conditions. Hillenbrand said it expects to use cash on hand and cash available under its revolving credit facility to fund this acquisition.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!