Hillenbrand to acquire Milacron Holdings in $2 billion deal

Hillenbrand Inc. is buying Milacron Holdings Corp. in a deal valued at approximately $2 billion, including net debt. Milacron stockholders will receive $11.80 in cash and 0.1612 shares of Hillenbrand common stock per share. The combined company expects annual revenues of about $3 billion by 2021.

“Hillenbrand Inc., which started building wooden caskets in Batesville, Indiana, in 1906, is buying Milacron Holdings Corp., founded in 1860 as one of Cincinnati’s legacy machine-tool makers, the companies announced Friday.”wcpo.com

• 1 source
• wcpo.comTri-State business giants combine in $2 billion dealWCPO staffJul 12, 2019

Summarized from public sources; check the original articles before acting on it.