Hillenbrand completes acquisition of Herbold Meckesheim

Hillenbrand Inc., Batesville, Indiana, announced it completed the acquisition of Herbold Meckesheim GmbH for about 79 million euros ($78.5 million).  

"The successful completion of the Herbold Meckesheim acquisition is another meaningful step that delivers on our commitment to grow as a world-class industrial company, execute our strategy to deliver long-term shareholder value, and accelerate our efforts to support a more sustainable future," says Kim Ryan, president and CEO of Hillenbrand. "By leveraging Herbold's key technologies, we have an opportunity to strengthen our leadership position in the recycling industry and expand our offerings across the entire recycling value chain."  

Based in Meckesheim, Germany, Herbold is a provider of recycling systems, specializing in key process steps like washing, separating, drying, shredding and pulverizing. With annual revenue of more than €50 million ($49,690,000), Hillenbrand says Herbold is highly complementary to the equipment and solutions offered under the Coperion brand.  

Herbold joins the Coperion and Rotex brands as part of Hillenbrand's Advanced Process Solutions segment. The APS segment is focused on highly engineered industrial processing solutions and aftermarket parts and services for various end markets and applications.