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Lone Star Buys Hillenbrand in $3.8 Billion Deal

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By David Carnevali, Ryan Gould, and Dinesh Nair

October 15, 2025 at 12:28 PM UTC

Updated on

October 15, 2025 at 12:51 PM UTC

Lone Star Funds plans to acquire US plastic parts and equipment maker Hillenbrand Inc. in an all-cash transaction valuing the target at around $3.8 billion including debt.

The private equity firm has agreed to buy Batesville, Indiana-based Hillenbrand for $32 a share, according to a statement on Wednesday. After the deal, the company will be privately owned and its shares will stop trading. The announcement confirms an earlier Bloomberg report.