Hillenbrand Completes Divestiture of Minority Stake in TerraSource Holdings
Hillenbrand, Inc. (NYSE: HI) announced today that, in conjunction with its majority-stake joint venture partner, it has completed the divestiture of its minority stake interest in TerraSource Holdings (TerraSource) to Astec Industries, in a transaction with a total purchase price of approximately $245 million. Hillenbrand received approximately $115 million from the transaction which is being […]