Hillenbrand completes sale of its majority interest in Milacron

Hillenbrand (HI) announced that it has completed the previously announced sale of its majority interest in the Milacron injection molding and extrusion business, within the Molding Technology Solutions segment, to Bain Capital for $287M, subject to agreed closing adjustments. Bain Capital now owns an approximate 51% share and has full operational control of Milacron, while Hillenbrand maintains an ownership stake of approximately 49%. Bain Capital will provide greater focus and resources to help Milacron drive future growth and success, and the partnership with Bain Capital enables Hillenbrand to preserve the opportunity for future returns from Milacron.