See our updated story with comments from Hillenbrand President and CEO Kim Ryan. Batesville, Ind.-based Hillenbrand Inc. is selling the majority of its Milacron injection molding and extrusion ...

The company will retain an ownership stake of approximately 49%. This transaction reflects the continued execution of Hillenbrand’s (HI) portfolio transformation and profitable growth strategy.

Industrial processing equipment and solutions provider Hillenbrand (NYSE:HI) beat Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 8.6% year on year to $706.9 million.