# Hillenbrand to acquire Schenck Process Food and Performance Materials business

Schenck Process Group agreed to sell its Food and Performance Materials business to Hillenbrand, Inc. The transaction is expected to close in Q3 2023, subject to regulatory approvals.

- Type: Acquisition
- Announced: 2023-05-24
- Where: Kansas City, Missouri, United States
- Value: $730.0M
- Status: announced
- Products: material handling, feeding, depositing, baking, milling, calcining, filtration equipment
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Hillenbrand](https://endata.com/companies/414.md) (acquirer)
- [Schenck Process](https://endata.com/companies/1894.md) (partner)
- [Schenck Process](https://endata.com/companies/1894.md) (target)
- [Blackstone Group](https://endata.com/companies/2364.md) (investor)
- [Coperion](https://endata.com/companies/11985.md) (partner)
- [Schenck Process Food and Performance Materials](https://endata.com/companies/70454.md) (target)

## Sources

- [qlar.com](https://www.qlar.com/press-and-media/press-releases/announces-agreement-to-sell-its-food-and-performance-materials-business-to-hillenbrand), 2023-05-24: "We are pleased to have found an acquiror which will position our Food and Performance Materials business to continue to grow and succeed."
- [hillenbrand.com](https://hillenbrand.com/corporate-news/hillenbrand-to-acquire-the-schenck-process-food-and-performance-materials-business-a-global-provider-of-processing-technologies-and-systems/), 2023-05-24: "With this acquisition, we further strengthen our leadership across the attractive, growing end markets of food, durable plastics and chemicals, through strong brands that enhance the breadth of our technology and service capabilities."
- [coperion.com](https://coperion.com/en/news-media/newsroom/2023/schenck-process-food-and-performance-materials), 2023-05-25: "FPM's premier, high value brands, deep domain expertise and comprehensive end-to-end systems will support Coperion's strategic growth opportunities in food, plastics, and chemicals."
- [wishtv.com](https://www.wishtv.com/news/business/hillenbrand-acquires-another-maker-of-equipment-to-process-food-materials/), 2023-05-25: "Batesville, Indiana-based Hillenbrand Inc. will acquire Schenck Process Food and Performance Materials, also known as FPM, for $730 million, says a news release."
- [foodengineeringmag.com](https://www.foodengineeringmag.com/articles/101178-schenck-process-food-and-performance-materials-fpm-business-to-join-coperion), 2023-05-25: "FPM's strong brands and deep expertise directly align with the growth strategy of Coperion's Food, Health & Nutrition Division."
- [lto.de](https://www.lto.de/recht/kanzleien-unternehmen/k/hillenbrand-kauf-sparte-schenck-blackstone), 2023-05-31: "Hillenbrand erwartet den Vollzug der Transaktion für das vierte Quartal des laufenden Geschäftsjahres."
- [stblaw.com](https://www.stblaw.com/about-us/news/view/2023/06/01/hillenbrand-to-acquire-the-schenck-process-food-and-performance-materials-business), 2023-06-01: "Simpson Thacher is advising Blackstone and its portfolio company Schenck Process... on financing aspects of the $730 million sale of the Schenck Process Food and Performance Materials business to Hillenbrand."
- [modernplasticsglobal.com](https://www.modernplasticsglobal.com/schenck-process-food-and-performance-materials-fpm-business-to-join-coperion/), 2023-06-05: "FPM’s premier, high value brands, deep domain expertise and comprehensive end-to-end systems will support Coperion’s strategic growth opportunities in food, plastics, and chemicals."

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