Hillenbrand Inc., the parent company of compounding extruder maker Coperion, is buying Milacron Holdings Corp. in a cash and stock deal valued at approximately $2 billion.
The transaction, announced July 12, is expected to close in the first quarter of 2020.
The combined company is expected to generate annual sales of approximately $3 billion and free cash flow of more than $325 million by 2021.
A conference call with the two companies is scheduled this morning. More details to follow.
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