10. 25. · BATESVILLE, Ind., Oct. 25, /PRNewswire/ -- Hillenbrand, Inc. announced today that it has completed the planned divestiture of its TerraSource Global business pursuant to a Contribution | December 29,

2021. 10. 25. · Hillenbrand Divests TerraSource Global Business. October 25, 08:18 BATESVILLE, Ind., Oct. 25, /PRNewswire/ -- Hillenbrand, Inc. (NYSE: HI) (the "Company")

Shown here before the show opened is Mohit Kumar Roy from Coperion Ideal, a sister company of ours within the HIllenbrand, Inc. Process Equipment Group and our 

TerraSource Global manufactures a wide range of machines and equipment for moving, Yahoo News — Hillenbrand Completes Planned Divestiture Of TerraSource 

Headquartered in St. Louis, Missouri, USA, TerraSource Global is a truly global company with sales, engineering, testing and assembly locations strategically located around the world. We have regional sales representatives stationed across six continents to provide local service to the 90+ countries with facilities using our equipment.

TerraSource (TM) Global's mission is to be the global partner today and tomorrow of industrial users of material handling and processing equipment by providing the best technology, quality and service for their given project. About Hillenbrand, Inc.

On a pro forma basis, which excludes the divested TerraSource Hillenbrand is updating its annual guidance for fiscal year 2022.

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As a result of the $25.6 million dollar deal, TerraSource and its subsidiaries have been consolidated into TerraSource Holdings, LLC, with Chicago-based Right Lane Industries as the majority owner. Under the terms of the agreement, Batesville-based Hillenbrand will retain an indirect 49% ownership of the newly-formed company.

TerraSource is a St. Louis-based company that manufactures material handling, size reduction, screening and processing, pneumatic, and feeder equipment for a variety of industries. Under the terms

Under the terms of the Agreement, Hillenbrand contributed TerraSource and its subsidiaries to a newly formed entity, TerraSource Holdings,