# Hillenbrand completes acquisition of Peerless Food Equipment for $59M

Hillenbrand has completed the acquisition of the Peerless Food Equipment division of Illinois Tool Works for approximately $59 million. Peerless will be integrated into Hillenbrand's Advanced Process Solutions segment.

- Type: Acquisition
- Announced: 2022-12-01
- Where: United States
- Value: $59.0M
- Status: completed
- Products: food processing equipment
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [Hillenbrand](https://endata.com/companies/414.md) (acquirer)
- [Coperion](https://endata.com/companies/11985.md) (partner)
- [Illinois Tool Works](https://endata.com/companies/21716.md) (target)
- [Peerless Food Equipment](https://endata.com/companies/67067.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/hillenbrand-completes-acquisition-of-peerless-food-equipment-301691490.html), 2022-12-01: "The equipment and solutions offered by Peerless are highly complementary to those offered under our LINXIS Group brands."
- [einpresswire.com](https://www.einpresswire.com/article/604407377/hillenbrand-s-acquisition-of-peerless-successfully-completed-peerless-food-equipment-to-join-coperion), 2022-12-02: "Hillenbrand, Inc. has completed its acquisition of Peerless Food Equipment, a premier global, commercial food equipment and solutions provider."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.