Hillenbrand Inc, a company based originally in Indiana, entered into an agreement in July 2022 to acquire Herbold Meckesheim at an enterprise value of €79 Million. The transaction is expected to close in Q4 2022.
At the completion of this transaction Hillenbrand’s Advanced Process Solutions, aimed at providing engineered industrial processing solutions and aftermarket products, will consist of Coperion, Rotex and Herbold Meckesheim
Herbold, Germany is a leader within the plastic recycling industry with a specialisation inked process steps of washing, separating, drying, shredding and grinding.
“I am very excited to announce the acquisition of Herbold, which reinforces our commitment to growing as a world-class industrial company, executing our strategy to deliver long-term shareholder value, and accelerating our efforts to support a more sustainable future,” Hillenbrand President CEO Kim Ryan says. “Herbold expands our position in the recycling end market, which has attractive, long-term growth prospects due to macro demand drivers for durable plastics and the desire for more sustainable solutions. Herbold will have a strong strategic fit with our Coperion brand, and together, we will be able to offer complete recycling solutions to our customers. Finally, we expect to enhance Herbold’s performance through the deployment of the Hillenbrand Operating Model and utilization of our global sales and service capabilities.”
