ERJ staff report (R&PN)
Stuttgart, Germany -- Hillenbrand Inc. said it will acquire Stuttgart-based Coperion GmbH.
The transaction is expected to close by the end of the year, subject to regulatory approvals.
Hillenbrand, a US-based, strategic global diversified industrial company, will acquire Coperion from Deutsche Beteilungs A.G., a leading German private equity company.
Coperion will be part of Hillenbrand's Process Equipment Group.
Joe Raver, president of Hillenbrand's Process Equipment Group, said this acquisition will enhance his company's growth strategy and strengthens its position in key markets such as the plastics, chemicals, food and minerals industries.
From Rubber & Plastics News (A Crain publication)
Press release from Hillenbrand