Lone Star Funds to acquire Hillenbrand for $3.8bn.

Lone Star Funds, a global private equity firm, agreed to acquire Hillenbrand, a global industrial company providing highly-engineered processing equipment and solutions, for $3.8bn. "Over the past several years, Hillenbrand has made tremendous progress transforming into a pure-play industrial company, reshaping our portfolio, and making strategic investments in the business. Lone Star recognizes this progress and sees a bright future, given our successful leading businesses and strong teams. We look forward to working with Lone Star to enhance our scale, create opportunities for our associates, and continue to drive growth and innovation within the durable plastics, food, and recycling end markets," Kim Ryan, Hillenbrand President and Chief Executive Officer.