Despite strong profitability, growth was flat as cremation. Hillenbrand, Inc. engages in designing, manufacturing, and servicing highly engineered and mission-critical equipment and solutions to the customers. We are greatly appreciative of Batesvilles long and successful operating history as part of Hillenbrand and we look forward to working closely to execute a seamless transition., if ( typeof LD == "object" ) { LD.initPage(); }. It was the first company to develop and mass-produce steel caskets. One company that came across our radar two years ago was Hilllenbrand (HI), currently trading at $45 a share. If you are an Activist investor looking for companies like this or you are a regular investor looking to take advantage of price moves due to corporate change, please contact me and experience our service. Today, Batesville is a leading provider of quality products and business solutions in the death care industry, offering the widest selection of burial and cremation products, memorial keepsakes and business and technology solutions that meet the changing needs of families and licensed funeral professionals across North America. 26" interior width. Hillenbrand (NYSE: HI) is a global industrial company operating in over 40 countries with over 10,000 associates serving a wide variety of industries around the world. It has 10,500 employees globally and in 2021, it reported that 6,500 of its employees were located in Indiana. The company was founded on November 1, 2007 and is headquartered in Batesville, IN. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Batesville (BATES) derives 89% of its business from the sale of caskets, whereas its peers have a mixture of casket sales and funeral services, and we believe the services business is helping. Founded in 1884, Batesville (commonly referred to as the . I feel very hurt: My late wifes parents cut me out of their will and reduced my daughters inheritance. It grew to . Solid Mahogany Batesville Paragon Mahogany. As well as sadness. Hillenbrand Announces Divestiture of Batesville Casket Company Hillenbrand Inc. said Thursday that it has reached an agreement to sell its Batesville Casket Co. subsidiary the largest producer of caskets in the U.S. to an affiliate of a Connecticut-based private equity firm for $761.5 million. Likewise, HIs debt at the time was around 4x and would have presented a challenging split. Now, after recently acquiring its Molding Technology Solutions business (Milacron Holdings Corp. (MCRN) for $1.9 billion) which closed on March 30, 2020, this has increased the percentage of the industrial side of the business from 70% of the revs to just over 80% (or on the flipside, Batesville previously contributing to 30% of revs to only around 22% by FY21 and 9M2022). LongRange's acquisition of Batesville, from Hillenbrand, Inc. (NYSE: HI), a global industrial company, is expected to close in the first quarter of 2023, subject to regulatory approval and other . The Lord's Prayer Casket by Prime To verify availability and to confirm Shipping Delivery time and date, please contact Prime Caskets at 800-294-8548 before placing your order. 7 Things About batesville casket company stock Your Boss Wants to Know ET by Steve Gelsi Hillenbrand Sells Batesville Casket Business for $761.5 Million Dec. 15, 2022. Batesville Careers - Jobs There are also a lot of poor people living there. Over the last two years, the management at Hillenbrand, Inc. have continued to progress with the transition away from just selling caskets in the death care business to becoming a large diversified industrial company.