Hillenbrand, Inc.: management transactions · United States · SEC (Form 4)

About Hillenbrand, Inc.

Hillenbrand, Inc. (ticker HI) is a United States industrial company that was listed on the NYSE before its stock was taken off the exchange following the closing of the Lone Star Funds acquisition in February 2026. The company’s roots go back to 1906, when John A. Hillenbrand acquired Batesville Casket Company. Over time, Hillenbrand evolved from a funeral-products business into a global industrial solutions platform focused on highly engineered processing equipment. Its corporate headquarters remains in Batesville, Indiana, in the United States, which is also the historical base of the business. From an operating perspective, Hillenbrand has been centered on mission-critical processing equipment and solutions for attractive end markets, especially durable plastics, food, and recycling. The company’s model has combined branded equipment, integrated systems, aftermarket parts, and engineering know-how. Key platforms have included Coperion, which serves compounding, extrusion, and powder handling applications; Linxis and Peerless Food Equipment, which support food-processing customers; and Herbold Meckesheim, which focuses on plastics recycling and size reduction. These businesses give Hillenbrand exposure to process-intensive applications where customers value reliability, throughput, and technical support rather than commodity pricing. Hillenbrand’s competitive position has historically come from its portfolio of specialized industrial brands, its installed base, and its ability to sell complete process solutions. That is important in industries where switching costs can be meaningful and where customers often prefer a trusted long-term supplier. The company has also benefited from a broad geographic footprint, with operations and commercial reach extending across the United States, Europe, and other international markets. Management has described the business as serving customers in more than 100 countries, underscoring the global nature of its industrial platform. Recent corporate activity has been especially significant. Hillenbrand completed the sale of a majority stake in its Milacron injection molding and extrusion business, divested its interest in TerraSource, and then agreed to be acquired by Lone Star Funds in an all-cash transaction valued at approximately $3.8 billion. The deal was announced in October 2025 and closed in February 2026, after shareholder approval. Following completion, Hillenbrand said it would continue operating under the Hillenbrand name, while the common stock ceased trading on the NYSE. For investors, Hillenbrand represented a classic industrial transformation story: a company reshaping its portfolio toward higher-margin, less cyclical, more technically differentiated end markets. Its history, global footprint, and emphasis on engineered solutions made it a relevant name in industrial processing, food equipment, plastics, and recycling.