Hillenbrand, a global industrial company, completed the acquisition of Herbold Meckesheim, a specialist for highly efficient machines and plants for plastics recycling, for €79m. "The successful completion of the Herbold Meckesheim acquisition is another meaningful step that delivers on our commitment to grow as a world-class industrial company, execute our strategy to deliver long-term shareholder value, and accelerate our efforts to support a more sustainable future. By leveraging Herbold's key technologies, we have an opportunity to strengthen our leadership position in the recycling industry and expand our offerings across the entire recycling value chain," Kim Ryan, Hillenbrand President and CEO.