Hillenbrand Completes Divestiture of Minority Stake in TerraSource Holdings

Group 1 - Hillenbrand, Inc. has completed the divestiture of its minority stake in TerraSource Holdings to Astec Industries for approximately $245 million [1] - Hillenbrand received about $115 million from the transaction, which will be used to pay down debt [1] Group 2 - Hillenbrand is a global industrial company providing highly-engineered processing equipment and solutions [2] - The company's portfolio includes leading industrial brands serving markets such as durable plastics, food, and recycling [2] - Hillenbrand is guided by its purpose to shape solutions that serve its people, customers, and communities [2]