Bain Capital to acquire a majority stake in Milacron from Hillenbrand for $287m.

Bain Capital, an American private investment firm, agreed to acquire a majority stake in Milacron, an American provider of highly engineered plastic processing equipment and services, from Hillenbrand, provider of highly engineered, mission-critical, processing equipment and systems, for $287m. "Following an in-depth portfolio review, we determined that Milacron would be best positioned for the future through this partnership with Bain Capital. Bain Capital has a proven track record of successful corporate partnerships and will provide greater resources to Milacron, which we believe will drive future growth and success for Milacron’s associates and customers, as well as for Hillenbrand’s shareholders," Kim Ryan, Hillenbrand President and CEO.