Ropes & Gray Represents Milacron Holdings Corp. in its Acquisition by Hillenbrand Inc.
A cross-office team represented Milacron Holdings Corp. in an agreement under which Hillenbrand Inc. will acquire Milacron in a cash and stock transaction valued at approximately $2 billion, including net debt of approximately $686 million as of March 31, 2019. A press release has been issued announcing the deal.
Milacron manufactures, distributes, and services engineered and customized systems in the approximately $30 billion plastics technology and processing industry, as well as fluid technologies and processing systems. Hillenbrand is a global diversified industrial company with multiple leading brands that serve a wide variety of industries around the world.
Ropes & Gray’s team is being led by private equity partner David Blittner (New York), strategic transactions associate Sarah Young and private equity associate Jessica Cooney (both of New York). The team includes strategic transactions partner Regina Sam Penti (Boston, London), tax partner Leo Arnaboldi (New York), real estate partner Peter Alpert (Boston), labor & employment partner Peter Ebb (Boston), litigation & enforcement partners Michael McFalls (Washington, D.C), Ruchit Patel (London) and Ama Adams (Washington, D.C.) and associates Kim Ton-That, Wang Jae Rhee (all of New York) and Lynda Levenson (San Francisco).