Hillenbrand Completes Divestiture of Minority Stake in TerraSource Holdings
Hillenbrand(US:HI) Prnewswire·2025-07-01 20:30BATESVILLE, 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 HillenbrandHillenbrand (NYSE: HI) is a glo ...