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Hillenbrand Closes Batesville Divestiture; Completes Company's Transformation into Pure-Play Industrial

PR Newswire - Wed Feb 1, 2023

BATESVILLE, Ind., Feb. 1, 2023 /PRNewswire/ -- Hillenbrand, Inc. (NYSE: HI) announced today that it has completed its transformation into a pure-play industrial company with the closing of the sale of its Batesville business segment to an affiliate of private investment firm LongRange Capital for $761.5 million, subject to agreed closing adjustments, which includes an $11.5 million subordinated note.

Read more at prnewswire.com

Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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