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Press release from Business Wire

P&M Corporate Finance Advises Hillenbrand on $240M Acquisition of ROTEX

Monday, August 08, 2011

P&M Corporate Finance Advises Hillenbrand on $240M Acquisition of ROTEX09:00 EDT Monday, August 08, 2011 CHICAGO (Business Wire) -- P&M Corporate Finance, LLC (PMCF) is pleased to announce that Hillenbrand, Inc. (NYSE: HI) has entered into a definitive agreement to acquire ROTEX Global, LLC (ROTEX) for $240 million in cash from Windjammer Capital Investors. PMCF served as Hillenbrand's exclusive financial advisor in the transaction and also provided the company with a fairness opinion. The transaction is expected to close in late August, subject to customary terms and conditions, including the waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act. Based in Cincinnati, Ohio, ROTEX is a pioneer and global leader in the development of screening equipment and technology for a broad range of process industries. With an established reputation that dates back more than 165 years, ROTEX has grown to become a highly respected international manufacturing company. The acquisition of ROTEX represents an important achievement in the ongoing execution of Hillenbrand's global growth strategy. “ROTEX products complement both Process Equipment Group business lines, while giving us additional reach into new high-growth applications and geographies,” said Kenneth A. Camp, Hillenbrand's president and chief executive officer. “P&M Corporate Finance was an effective partner with us in all aspects of finding, negotiating and executing this transaction.” This is the second transaction for which PMCF has advised Hillenbrand. In April 2010, Hillenbrand acquired K-Tron International, a leading global process equipment manufacturer, for $435 million. Having established the K-Tron platform in 2010, Hillenbrand and PMCF continued to work closely together to find companies that exhibited attractive growth characteristics in adjacent applications and markets. In conjunction with Hillenbrand, PMCF identified ROTEX as part of a continuing comprehensive search process that already has identified more than 700 companies across primarily Europe, Asia and North America. “PMCF is pleased to have advised Hillenbrand on this second important transaction,” said Scott George, managing director of PMCF. “The acquisition of ROTEX provides Hillenbrand with an exceptional company and a superior management team, both of which support its ongoing strategy of becoming a global, diversified industrial company. We are very proud of our relationship with Hillenbrand and look forward to additional opportunities to work with them in the future.” About P&M Corporate Finance P&M Corporate Finance, LLC (www.pmcf.com) is a middle market investment bank providing merger & acquisition advisory services to companies in North America and Europe. PMCF provides public and privately-owned companies and private equity firms with a broad range of services including sale and acquisition advisory, capital raising, fairness opinions and strategic advisory. Through its offices in Chicago and Detroit, the firm has dedicated industry teams providing services to the business services, medical technology, diversified industrial and plastics & packaging industries. PMCF is a founding member of Corporate Finance International (www.cfi-network.com). About Hillenbrand, Inc. Hillenbrand (www.hillenbrandinc.com) is a diversified company with multiple subsidiaries focused around two separate operating businesses. Batesville Casket is a leader in the North American death care industry through the sale of funeral services products, including burial caskets, cremation caskets, containers and urns, burial vaults, selection room display fixturing and other personalization and memorialization products. The Process Equipment Group is a recognized leader in the design, production, marketing and servicing of equipment and systems used in processing applications for a diverse range of industrial markets. Its two business lines are K-Tron, which focuses primarily on feeding and pneumatic conveying equipment, and the Size Reduction Group, which concentrates on size reduction equipment, conveying systems and screening equipment, operating under three brands: Pennsylvania Crusher, Gundlach and Jeffrey Rader. Media Contact:Financial DynamicsKim O'Halloran, 312.553.6733kim.ohalloran@fd.com