Hillenbrand To Acquire the Schenck Process Food And Performance Materials Business For $730M
Portfolio Pulse from Benzinga Newsdesk
Hillenbrand Inc. (HI) has announced plans to acquire the Schenck Process Food and Performance Materials business for $730 million, expanding its presence in the food and performance materials sectors.
May 24, 2023 | 11:37 am
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Hillenbrand's acquisition of Schenck Process Food and Performance Materials for $730M is expected to expand its presence in the food and performance materials sectors.
The acquisition of Schenck Process Food and Performance Materials by Hillenbrand is a significant move for the company, as it expands its presence in the food and performance materials sectors. This expansion is likely to lead to increased revenue and growth opportunities for Hillenbrand, which could positively impact its stock price in the short term.
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