The agreement calls for Hillenbrand Inc.’s Ohio-based subsidiary, Milacron LLC, to sell the two Ohio properties, then lease them back for about $5 million per year.
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Kimberly Ryan’s time as CEO of Hillenbrand has been marked by transition transition, with several acquisitions and the divestiture of Batesville Casket, where she got her start.
Read MoreAmong other big dealmakers in 2023 was Hillenbrand Inc., Jasper-based Kimball International Inc. and Noblesville-based Helmer Scientific Inc.
Teachers Credit Union on Tuesday said the rebranding better reflects its “mission to empower and serve all people and grow beyond its original educator roots.” It will also mean a name change for TCU Amphitheater at White River State Park.
In 2019, Hillenbrand officials told IBJ that Batesville accounted for about one-quarter of the corporation’s sales and 40% of its cash flow, but trends toward cremation were denting revenue.
Joe Raver, Hillenbrand Inc.’s president and CEO since 2013, will be succeeded by Kimberly Ryan, who has been with the company for more than 30 years.
As part of an effort to become more streamlined and reduce its debt, Batesville-based Hillenbrand Inc. is in the midst of multiple divestitures.
Indiana-based industrial equipment and casket maker Hillenbrand Inc. has agreed to acquire plastics-processing equipment maker Milacron Holdings Corp., the companies announced Friday morning.
The Batesville-based company recognized that it needed a new growth engine after Americans began embracing cremation as an alternative to casket burials.
Batesville-based Hillenbrand Inc. makes and sells material-handling equipment and systems, as well as burial caskets and other death-care products.
Batesville-based Hillenbrand Inc. operates the Batesville segment, which sells burial caskets and other death-care products. Hillenbrand also operates a Process Equipment Group, which makes material-handling equipment and systems.
Joe Raver says a company is “only as good as its talent.”
Batesville-based Hillenbrand's purchase will bulk up its Process Equipment Division, which generates about $1 billion of the company's $1.6 billion in revenue.
Jason Riley, 34, director of human resources and global talent development at Hillenbrand Inc., embraced his company’s global outlook as a talent-development tool.
Hillenbrand is making headway at a time when most corporations reap little improvement for their investment in wellness programs.
Hillenbrand Inc. operates the Batesville segment, which sells burial caskets and other death-care products. Hillenbrand also operates a Process Equipment Group, which makes material-handling equipment and systems.
Kenneth Camp helped transform Batesville-based Hillenbrand Inc. from a $650 million casket company serving North America to a $1.6 billion global diversified industrial company.
Batesville-based Hillenbrand Inc. sells burial caskets and other death-care products. The company also operates a Process Equipment Group, which makes material-handling equipment and systems.
The Batesville-based conglomerate best known for making caskets is making its biggest move yet to diversify away from the funeral care business.
Hillenbrand Inc. operates Batesville, which sells burial caskets and other death-care products. Hillenbrand also operates a Process Equipment Group, which makes material-handling equipment and systems.
Hillenbrand Inc. said Monday its profit grew 17 percent in the fiscal fourth quarter after it acquired Rotex Global LLC.
Batesville-based company expects to close on its purchase of Cincinnati-based Rotex Global LLC later this month. Rotex makes dry material separation machines.
