Hillenbrand to go private in $3.8B acquisition by Lone Star Funds.

Hillenbrand Inc. will be acquired by Lone Star Funds in an all-cash transaction valued at $3.8 billion, or $32 per share. The acquisition will result in Hillenbrand becoming a privately held company, and its shares will be delisted from the NYSE. The transaction is expected to close by the end of the first quarter of 2026. Hillenbrand's shares surged 18% to $31.26 on Wednesday.

Hillenbrand Inc. (NYSE: HI) announced on Wednesday that it has agreed to be acquired by Lone Star Funds in an all-cash transaction valued at approximately $3.8 billion. The deal, which will result in Hillenbrand becoming a privately held company, is priced at $32 per share. The transaction is expected to close by the end of the first quarter of 2026, pending customary closing conditions, shareholder approval, and regulatory confirmations.

The acquisition represents a significant premium over recent trading prices. The purchase price reflects a 37% premium over Hillenbrand's closing share price as of August 12, 2025, and a 53% premium over the 90-day volume weighted average price ending the same date. Hillenbrand's board of directors unanimously approved the transaction following a comprehensive review of strategic alternatives.

Hillenbrand provides engineered processing equipment and solutions to customers globally through its Advanced Process Solutions and Molding Technology Solutions segments. The company has streamlined its business through strategic acquisitions and divestitures over the past three years, while building out its industrial food equipment portfolio.

Upon completion of the acquisition, Hillenbrand's shares will no longer be listed on the New York Stock Exchange. The company has announced that it will not provide financial guidance for fiscal year 2026, indicating a shift in strategic focus post-acquisition.

Hillenbrand's shares surged 18% to $31.26 in late-morning trading on Wednesday, reflecting investor optimism about the potential benefits of the acquisition. The deal is expected to enhance Hillenbrand's scale, create opportunities for its associates, and drive growth and innovation within the durable plastics, food, and recycling end markets.