Lone Star Completes $3.8B Acquisition of Hillenbrand

Lone Star Funds has completed the previously announced acquisition of Hillenbrand in an all-cash transaction with a total enterprise value of approximately $3.8 billion. Hillenbrand’s shareholders approved the deal at a special meeting on January 8, 2026, and the company’s common stock ceased trading and was delisted from the New York Stock Exchange.

Hillenbrand will continue to operate under the Hillenbrand name. The company is described as a provider of highly-engineered, mission-critical processing equipment and solutions, with a portfolio serving end markets including durable plastics, food, and recycling.