K-Tron parent Hillenbrand to acquire Coperion Capital
BATESVILLE, Ind. and STUTTGART, Germany — Hillenbrand, Inc., the parent company of gravimetric and volumetric feeder manufacturer K-Tron, has agreed to acquire Coperion Capital GmbH (Coperion), a portfolio company of Deutsche Beteiligungs AG, for an estimated $530 million.
Stuttgart, Germany-based Coperion manufactures compounding, extrusion and bulk material handling equipment.
When the transaction closes in December or January, Coperion will become the largest company in Hillenbrand’s Process Equipment Group.
"Coperion is a highly respected company which is led by an exceptionally talented management team with extensive global experience," said Hillenbrand CEO Kenneth A. Camp. "This transaction will enable us to capitalize on several opportunities in combined equipment sales, accelerated global expansion, and leveraging of replacement parts and service capabilities. Post closing, the Process Equipment Group will generate revenue of more than $1 billion and will represent about 2/3 of Hillenbrand''s total revenue."
Coperion CEO Gunter Bachmann will continue his role as president of the company and will report to Joe A. Raver, president of Hillenbrand’s Process Equipment Group.
"We are very familiar with Hillenbrand''s Process Equipment Group operating companies, particularly K-Tron," said Bachmann. "We''re delighted to have the opportunity to join Hillenbrand and better serve our customers by solving all of their process equipment needs. We also are excited about the growth opportunities that now will be available to our combined company."