Hillenbrand, Inc. has completed the acquisition of LINXIS Group from IBERIS INTERNATIONAL S.À R.L, an affiliate of IK Partners, and additional sellers, for total aggregate consideration of €596.2 million, reflecting an enterprise value of approximately €572 million plus cash acquired at closing.

Read: September 2022 Issue of Food InfoTech Magazine.

“The completion of the LINXIS Group acquisition marks a clear step forward in the execution of our strategy to grow as a world-class industrial company and deliver long-term value to our shareholders,” said Kim Ryan, President and CEO of Hillenbrand. “Combining LINXIS Group’s leading technologies with our existing food processing capabilities provide us additional scale within the food processing industry and allow us to offer more comprehensive solutions and services to our customers. With our track record of successfully integrating acquisitions, we are confident in our ability to create value with LINXIS as we deploy the Hillenbrand Operating Model and leverage our scalable foundation.”

LINXIS Group has six market-leading brands – Bakon, Diosna, Shaffer, Shick Esteve, Unifiller, and VMI – that serve customers in over 100 countries. With a global manufacturing, sales and service footprint, LINXIS Group specializes in the design, manufacturing, and service of dosing, kneading, mixing, granulating, drying and coating technologies that are complementary to the equipment and solutions offered under Hillenbrand’s Coperion brand. Hillenbrand expects LINXIS to generate revenue of approximately €300 million with mid-teen EBITDA margins in calendar year 2022.

Also Read: Top Food Processing Companies in India 2022.

LINXIS Group joins Hillenbrand’s Advanced Process Solutions (APS) segment. The APS segment is focused on highly engineered industrial processing solutions and aftermarket parts and services for a variety of end markets and applications, including plastics, processed food, and recycling.

Hillenbrand is a global industrial company operating in over 40 countries with over 10,000 associates serving a wide variety of industries around the world. Company’s portfolio includes brands such as Coperion, Milacron Injection Molding & Extrusion, and Mold-Masters, in addition to Batesville.

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