BATESVILLE, Ind., July 1, 2025 /PRNewswire/ — Hillenbrand, Inc. (NYSE: HI) introduced these days that, along side its majority-stake three way partnership spouse, it has finished the divestiture of its minority stake pastime in TerraSource Holdings (TerraSource) to Astec Industries, in a transaction with a complete acquire value of roughly $245 million.
Hillenbrand gained roughly $115 million from the transaction which is being old to pay i’m sick debt.
About Hillenbrand
Hillenbrand (NYSE: HI) is an international business corporate that gives highly-engineered, mission-critical processing apparatus and answers to shoppers all over the world. Our portfolio consists of important business manufacturers that grant massive, sexy finish markets, together with sturdy plastics, meals, and recycling. Guided through our Objective — State What Issues For The following day™ — we pursue excellence, collaboration, and innovation to persistently condition answers that perfect grant our nation, our shoppers, and our communities. To be told extra, seek advice from: www.Hillenbrand.com.
SOURCE Hillenbrand
