Lone Star Funds completed the acquisition of Hillenbrand in a $3.8bn deal.

Lone Star Funds, a global private equity firm, completed the acquisition of Hillenbrand, a global industrial company providing highly-engineered processing equipment and solutions, in a $3.8bn deal. "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 CEO.