Hillenbrand Acquires K-Tron

Hillenbrand Inc. has acquired K-Tron International Inc., a manufacturer of material handling equipment and systems, for approximately $435 million.

Hillenbrand is the holding company for Batesville Casket Co., a manufacturer of funeral services products.

After being adjusted for debt and estimated cash on hand, the expected purchase price of the transaction is approximately $379 million.

K-Tron will operate as a subsidiary of Hillenbrand.

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