An affiliate of Lone Star Funds completed the acquisition of Hillenbrand in a $3.8 billion all-cash transaction, closing on February 10, 2026. The deal was first announced on October 15, 2025 and secured shareholder approval at the January 8, 2026 special meeting.

Following completion, Hillenbrand’s common stock ceased trading on the New York Stock Exchange and will be formally delisted, shifting the company to privately held status. Hillenbrand will continue to operate under its existing name and maintain its corporate headquarters in Batesville, Indiana.

Lone Star has committed to execute strategic plans with Hillenbrand’s management, focusing on customer-centric solutions and growth in durable plastics, food processing, and recycling markets. Leadership expects to leverage Hillenbrand’s engineering capabilities while driving innovation and operational efficiency under private ownership.