April 22, 2024

Hillenbrand acquires global leader LINXIS Group

• Advances Hillenbrand’s long-term profitable growth strategy; builds significant scale
with leadership positions in attractive food end market
• Highly complementary systems and equipment to Coperion; expands its customer
offering in food and provides strong synergy opportunities
• Expected to be accretive to Adjusted EPS within the first full year

Hillenbrand, Inc. (NYSE: HI) announced today that it has signed a binding offer to acquire LINXIS Group from IBERIS INTERNATIONAL S.À R.L, an affiliate of IK Partners, and additional sellers for an enterprise value of approximately €572 million.

LINXIS Group is a leading global provider of mixing, ingredient automation, and portioning solutions for
food and other higher growth end markets. Upon completion of required works council consultations, the
parties expect to enter into a definitive purchase agreement, with closing expected to occur before
calendar year end, subject to regulatory approvals.

LINXIS Group has six market-leading brands – Bakon, Diosna, Shaffer, Shick Esteve, Unifiller, and VMI
– that serve customers in over 100 countries. With a global footprint and headquarters in Nantes, France,
LINXIS Group specializes in the design, manufacturing, and service of dosing, kneading, mixing,
granulating, drying and coating technologies that are complementary to the equipment and solutions
offered under Hillenbrand’s Coperion brand. LINXIS Group expects calendar year 2022 revenue of
approximately €300 million with mid-teen EBITDA margins.

“LINXIS Group will continue to build upon our profitable growth strategy by further strengthening and
accelerating our position in the attractive food end market and enhancing the technical capabilities of our
products and service offerings,” said Kim Ryan, President and CEO of Hillenbrand. “By leveraging the
combined capabilities of our Coperion brand and the LINXIS Group brands, we will be able to offer more
comprehensive processing solutions, creating significant value for our customers. Through cross-selling
opportunities in key geographies, the deployment of the Hillenbrand Operating Model, and utilization of
our scalable foundation, we expect this acquisition to deliver compelling long-term shareholder value.”
Upon completion of this transaction, LINXIS Group and its over 1,000 global employees operating in ten
manufacturing facilities will join its Coperion and Rotex brands as part of Hillenbrand’s Advanced
Process Solutions (APS) segment. The APS segment provides highly engineered industrial equipment and
systems and aftermarket parts and services for a variety of end markets and applications. Hillenbrand expects to use committed debt financing, cash on hand, and cash available under its revolving credit facility to fund this acquisition.

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