Hillenbrand acquires food processing equipment business – Inside INdiana Business insideindianabusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insideindianabusiness.com Daily Mail and Mail on Sunday newspapers.
When the deal is completed, Hillenbrand said the Food and Performance Materials business of Schenck Process will join its Advanced Process Solutions segment.
The industrial equipment manufacturer is seeking strategic alternatives for its Batesville casket subsidiary as it pursues purchase of Linxis for $583 million.
CEO Kim Ryan: "We believe this acquisition will help us continue to grow our recycling business across the entire recycling value chain . to build a full recycling system."