DuBois Chemicals completed the acquisition of Hillenbrand's Cimcool business for $250m.

DuBois Chemicals, a full-service provider of customized specialty chemical solutions, completed the acquisition of the Cimcool business of Hillenbrand, a global diversified industrial company, for $250m. "The divestiture of Cimcool aligns with our previously disclosed intent to seek strategic alternatives for the business and allows us to remain focused on the continued integration of the Milacron APPT and MDCS businesses with Hillenbrand. The proceeds from the sale will be used for de-leveraging activities, strengthening our financial position as we seek to enhance our leadership positions in the industrial platforms that represent our most compelling opportunities for profitable growth," Joe Raver, Hillenbrand President and CEO.