Hillenbrand Inc. announces sale of majority stake in Milacron to Bain Capital

Batesville, IN – Hillenbrand Inc. has announced the sale of approximately 51 percent stake in its Milacron business to Bain Capital, a leading private investment firm. The transaction, valued at $287 million, is expected to close in the coming months, subject to customary closing conditions. Hillenbrand will retain approximately 49 percent ownership stake in Milacron, ensuring continued involvement in the company’s future growth and development.

Milacron, a globally renowned provider of highly engineered plastic processing equipment and services, has been a part of Hillenbrand since 2019. The company specializes in injection molding and extrusion equipment, serving various industries including construction, automotive, packaging, consumer goods, and medical sectors. With this sale, Hillenbrand aims to generate approximately $250 million after taxes, which will be used to pay down debt and strengthen its financial position.

Kim Ryan, President and CEO of Hillenbrand, expressed optimism about the partnership with Bain Capital. “We believe this strategic move will create significant opportunities for Milacron to accelerate its growth and strengthen its position as a global leader in plastic processing solutions,” Ryan said. “Bain Capital’s investment will provide the necessary resources and expertise to support Milacron’s next chapter of growth while allowing Hillenbrand to focus on its core businesses”.

Bain Capital’s investment in Milacron is seen as a vote of confidence in the company’s potential. Matt Evans, a Partner at Bain Capital Special Situations, highlighted the importance of Milacron’s advanced engineering capabilities and global reach. “Milacron is well-positioned to build on its strong foundation and capitalize on the growing demand for domestic production and supply-chain resilience,” Evans stated. “We are excited to partner with the Milacron team to support their continued innovation and success”.

The sale of the majority stake in Milacron marks a significant milestone for Hillenbrand as it continues to refine its portfolio and focus on its strategic priorities. The partnership with Bain Capital is expected to drive growth and create value for both companies, ensuring that Milacron remains at the forefront of the plastic processing industry.