Hillenbrand Completes Divestiture of Minority Stake in TerraSource Holdings

Rhea-AI Summary

Hillenbrand (NYSE: HI) has completed the divestiture of its minority stake in TerraSource Holdings to Astec Industries. The total transaction value was approximately $245 million, with Hillenbrand receiving $115 million from the sale. The company plans to use the proceeds to reduce its debt.

Hillenbrand operates as a global industrial company specializing in highly-engineered, mission-critical processing equipment and solutions, with a focus on durable plastics, food, and recycling markets.

Positive

• Received $115 million in cash proceeds from the divestiture
• Strategic debt reduction through sale proceeds
• Successfully completed transaction with total value of $245 million

Negative

• None.

News Market Reaction

+7.48%

1 alert

+7.48% News Effect

On the day this news was published, HI gained 7.48%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

BATESVILLE, Ind., July 1, 2025 /PRNewswire/ -- Hillenbrand, Inc. (NYSE: HI) announced today that, in conjunction with its majority-stake joint venture partner, it has completed the divestiture of its minority stake interest in TerraSource Holdings (TerraSource) to Astec Industries, in a transaction with a total purchase price of approximately $245 million.

Hillenbrand received approximately $115 million from the transaction which is being used to pay down debt.

About Hillenbrand

Hillenbrand (NYSE: HI) is a global industrial company that provides highly-engineered, mission-critical processing equipment and solutions to customers around the world. Our portfolio is composed of leading industrial brands that serve large, attractive end markets, including durable plastics, food, and recycling. Guided by our Purpose — Shape What Matters For Tomorrow™ — we pursue excellence, collaboration, and innovation to consistently shape solutions that best serve our people, our customers, and our communities. To learn more, visit: www.Hillenbrand.com.

 

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SOURCE Hillenbrand

FAQ

What is the value of Hillenbrand's (NYSE: HI) TerraSource Holdings divestiture?

The total transaction value was approximately $245 million, with Hillenbrand receiving $115 million from the sale.

How will Hillenbrand (HI) use the proceeds from the TerraSource Holdings sale?

Hillenbrand will use the $115 million proceeds to pay down debt.

Who acquired Hillenbrand's stake in TerraSource Holdings?

Astec Industries acquired Hillenbrand's minority stake in TerraSource Holdings.

What are Hillenbrand's (HI) main business segments?

Hillenbrand provides highly-engineered, mission-critical processing equipment and solutions, focusing on durable plastics, food, and recycling markets.