Lone Star completed the acquisition of Hillenbrand for USD 3.8 billion. The transaction was initially announced on October 15, 2025, and approved by Hillenbrand’s shareholders on January 8. Lone Star, an investment firm headquartered in London, UK, now owns Coperion – the Hillenbrand company that brought together several solutions providers well known in the bakery industry, including VMI, Diosna, Bakon, Unifiller, Shick Esteve, Shaffer, Peerless and more.

“With the close of this transaction, we now continue to build upon the momentum that is already underway and will execute our strategic plans with Lone Star,” said Kim Ryan, President and CEO of Hillenbrand. “We are focused on continuing to serve our customers and deliver growth together with Lone Star. I am grateful for the dedication of all our associates and remain confident in our ability to deliver differentiated, customer-centric solutions around the world.”

“We are thrilled to reach this milestone and look forward to partnering with Hillenbrand’s management team,” said Donald Quintin, Chief Executive Officer of Lone Star. “Hillenbrand is well-positioned to drive growth and innovation with our investment in the business.”

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