An affiliate of Bain Capital will acquire 51 per cent of the injection molding and extrusion machinery maker from current owner Hillenbrand Inc.

Hillenbrand Inc. decided to sell a majority stake in its Milacron plastics machinery business rather than a full divestiture following a portfolio review, President and CEO Kim Ryan said.

Hillenbrand (NYSE: HI), Milacron’s current owner, will continue to remain a significant investor in the business. BOSTON & BATESVILLE, Ind.--(BUSINESS WIRE)--Bain Capital, a leading private investment ...

According to the terms of the deal, Bain has agreed to acquire a 51 percent stake in Milacron for $287 million.

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.

KeyBanc analyst Jeffrey Hammond reiterated a Buy rating on Hillenbrand (HI – Research Report) today. The company’s shares closed yesterday at $33.95. Leverage the power of TipRanks' Smart ...

BATESVILLE, Ind. (AP) — BATESVILLE, Ind. (AP) — Hillenbrand Inc. (HI) on Wednesday reported net income of $6.4 million in its fiscal first quarter. The Batesville, Indiana-based company said ...

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 ...

Hillenbrand has sold a majority stake in Milacron to an affiliate of Bain Capital Special Situations. The provider of highly engineered processing equipment and solutions will sell a 51% stake in ...

Hillenbrand (NYSE: HI), Milacron’s current owner, will continue to remain a significant investor in the business. Since 1968, Milacron has been a global provider of highly engineered plastic ...