Hillenbrand Completes Divestiture of Minority Stake in TerraSource Holdings
Hillenbrand (NYSE: HI) has completed the divestiture of its minority stake in TerraSource Holdings to Astec Industries. The total transaction value was approximately $245 million, with Hillenbrand receiving $115 million from the sale. The company plans to use the proceeds to reduce its debt.
Hillenbrand operates as a global industrial company specializing in highly-engineered, mission-critical processing equipment and solutions, with a focus on durable plastics, food, and recycling markets.
Hillenbrand (NYSE: HI) ha completato la cessione della sua partecipazione minoritaria in TerraSource Holdings ad Astec Industries. Il valore totale della transazione 猫 stato di circa 245 milioni di dollari, di cui Hillenbrand ha ricevuto 115 milioni di dollari dalla vendita. La societ脿 prevede di utilizzare i proventi per ridurre il proprio indebitamento.
Hillenbrand opera come azienda industriale globale specializzata in attrezzature e soluzioni di processo altamente ingegnerizzate e mission-critical, con un focus sui mercati delle materie plastiche durevoli, alimentari e del riciclaggio.
Hillenbrand (NYSE: HI) ha completado la venta de su participaci贸n minoritaria en TerraSource Holdings a Astec Industries. El valor total de la transacci贸n fue aproximadamente de 245 millones de d贸lares, de los cuales Hillenbrand recibi贸 115 millones de d贸lares por la venta. La empresa planea usar los ingresos para reducir su deuda.
Hillenbrand opera como una compa帽铆a industrial global especializada en equipos y soluciones de procesamiento altamente dise帽ados y cr铆ticos para la misi贸n, enfoc谩ndose en los mercados de pl谩sticos duraderos, alimentos y reciclaje.
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Hillenbrand (NYSE : HI) a finalis茅 la cession de sa participation minoritaire dans TerraSource Holdings 脿 Astec Industries. La valeur totale de la transaction s'茅l猫ve 脿 environ 245 millions de dollars, dont Hillenbrand a re莽u 115 millions de dollars suite 脿 la vente. La soci茅t茅 pr茅voit d'utiliser ces fonds pour r茅duire sa dette.
Hillenbrand op猫re en tant qu'entreprise industrielle mondiale sp茅cialis茅e dans des 茅quipements et solutions de traitement hautement techniques et essentiels, avec un accent sur les march茅s des plastiques durables, de l'alimentation et du recyclage.
Hillenbrand (NYSE: HI) hat den Verkauf seiner Minderheitsbeteiligung an TerraSource Holdings an Astec Industries abgeschlossen. Der Gesamtwert der Transaktion betrug etwa 245 Millionen US-Dollar, wobei Hillenbrand 115 Millionen US-Dollar aus dem Verkauf erhielt. Das Unternehmen plant, die Erl枚se zur Schuldenreduzierung zu verwenden.
Hillenbrand ist ein global t盲tiges Industrieunternehmen, das sich auf hochentwickelte, missionskritische Prozessausr眉stung und L枚sungen spezialisiert hat, mit Schwerpunkt auf den M盲rkten f眉r langlebige Kunststoffe, Lebensmittel und Recycling.
- Received $115 million in cash proceeds from the divestiture
- Strategic debt reduction through sale proceeds
- Successfully completed transaction with total value of $245 million
- None.
Hillenbrand received approximately
About Hillenbrand
Hillenbrand (NYSE: HI) is a global industrial company that provides highly-engineered, mission-critical processing equipment and solutions to customers around the world. Our portfolio is composed of leading industrial brands that serve large, attractive end markets, including durable plastics, food, and recycling. Guided by our Purpose 鈥� Shape What Matters For Tomorrow鈩� 鈥� we pursue excellence, collaboration, and innovation to consistently shape solutions that best serve our people, our customers, and our communities. To learn more, visit:听.
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