Hillenbrand Buys Schenck
Materials handling and feeding company to join forces with Coperion/Coperion K-Tron.
Hillenbrand Inc. has agreed to buy Schenck Process Food and Performance Materials (FPM) business, a Blackstone company. In plastics, Schenck is known for feeding and other material handling equipment. Terms were not disclosed.
When the deal closes, FPM will become a part of Coperion’s Food, Health & Nutrition Division, “bringing additional products and an expansion of existing product lines to Coperion’s polymer portfolio, as well as applications know-how in the construction materials and chemicals space,” according to a release issued by the company.
Coperion’s Food, Health & Nutrition Division is composed of industry leading brands, including material handing and conveying specialist Coperion K-Tron — that serve customers in more than 100 countries. In the release, Coperion called Schenck’s FPM business “highly complementary” to its current product line. Said Ulrich Bartel, president of Coperion, “For our polymer, chemicals, and minerals business, this acquisition means an expansion of our existing product portfolio, and we will be able to offer our customers even better solutions.”
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