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Hillenbrand divestiture boosts financial position

Mar. 31, 2020 7:49 AM ETHillenbrand, Inc. (HI) StockHIBy: Yoel Minkoff, SA News Editor1 Comment
  • Hillenbrand's (NYSE:HI) Milacron subsidiary has completed the sale of its Cimcool business to DuBois Chemicals, resulting in cash proceeds of approximately $224M to the company.
  • "Finalizing the sale of Cimcool is timely and an important milestone for Hillenbrand," said CEO Joe Raver. "The proceeds from the divestiture meaningfully strengthen our financial position and provide additional flexibility."
  • HI +0.5% premarket

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