# Hillenbrand completes acquisition of Schenck Process FPM business for $730M

Hillenbrand has completed the acquisition of the Schenck Process Food and Performance Materials business from Schenck Process Group for an enterprise value of approximately $730 million, adding over 1,300 employees and complementary technologies.

- Type: Acquisition
- Announced: 2023-09-01
- Where: Kansas City, Missouri, United States
- Value: $730.0M
- Jobs: 1,300
- Status: completed
- Products: feeding, filtration, baking, and material handling technologies and systems
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md), [Material Handling](https://endata.com/sectors/material-handling.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.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)
- [Schenck Process Food and Performance Materials](https://endata.com/companies/70454.md) (target)

## Sources

- [hillenbrand.com](https://hillenbrand.com/corporate-news/hillenbrand-completes-acquisition-of-the-schenck-process-food-and-performance-materials-business-accelerating-growth-as-a-global-industrial-leader/), 2023-09-01: "The completion of the FPM acquisition further strengthens our leadership position across attractive, growing end markets of food, durable plastics, and chemicals."
- [foodengineeringmag.com](https://www.foodengineeringmag.com/articles/101494-hillenbrand-completes-acquisition-of-schenck-process-food-and-performance-materials-business), 2023-09-07: "The completion of the FPM acquisition further strengthens our leadership position across attractive, growing end markets of food, durable plastics and chemicals."
- [local12.com](https://local12.com/news/local/hillenbrand-completes-730-million-acquisition-schenck-cincinnati), 2023-09-12: "The acquisition further strengthens our leadership position across attractive, growing end markets of food, durable plastics and chemicals."
- [manufacturingdive.com](https://www.manufacturingdive.com/news/hillenbrand-acquires-schencks-process-food-materials-business-for-730m/693599/), 2023-09-14: "Machinery maker Hillenbrand closed on acquiring Schenck Process’ food and performance materials business for approximately $730 million on Sept. 1."

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