Hillenbrand Inc (HI)

History and Background

Hillenbrand, Inc. was founded in 1906 as a furniture company. In 1929, it began focusing on caskets and healthcare. It spun off its Batesville casket business in 2008 to focus on industrial equipment and services through acquisitions.

Core Business Areas

• Advanced Process Solutions (APS): APS provides process equipment, systems, and aftermarket parts and services for a variety of industries including plastics, food, and chemical. Focused on extrusion, compounding, and material handling.
• Molding Technology Solutions (MTS): MTS manufactures and services hot runner systems, mold bases, and related equipment for the plastics industry.

Leadership and Structure

Kim Ryan is the President and CEO. The company has a board of directors overseeing strategic direction. The organization is structured around its two main business segments: APS and MTS.

Key Offerings

• Extrusion Systems: Supplies complete extrusion systems for plastics processing. Market share varies by application but holds a significant position in compounding and extrusion. Competitors include Coperion, KraussMaffei Berstorff.
• Hot Runner Systems: Manufactures hot runner systems for injection molding. Holds a leading global market share, particularly within the high-cavitation, high-precision market. Competitors include Husky Injection Molding Systems, Milacron.

Industry Overview

The industries Hillenbrand serves (plastics, food, chemicals) are experiencing moderate growth, driven by increased demand for durable goods, packaging, and specialty materials.

Positioning

Hillenbrand is positioned as a global industrial company that provides equipment, systems, and service. Its competitive advantage lies in its established brands, technology, and customer relationships.

Total Addressable Market (TAM)

The TAM for Hillenbrand's served markets is estimated to be in the billions of dollars annually. HI is positioned to capture a significant portion through strategic acquisitions and organic growth.

Key Competitors

• COPR
• MIL
• ITW

Competitive Landscape

Hillenbrand competes on product performance, technology, and service capabilities. The competitive advantage is based on their customer focus, niche product leadership, and continued technology advances.

LINXIS Group

• Year: 2022
• Acquisition Price (USD millions): 585
• Strategic Rationale: LINXIS strengthens Hillenbrandu2019s Advanced Process Solutions segment, expands food processing capabilities and geographical presence, and boosts revenue.

Historical Growth: Historically, Hillenbrand's growth has been a combination of organic expansion and acquisitions.

Future Projections: Future growth projections depend on factors such as global economic conditions and the success of integration efforts from acquired companies. Please note: Financial data changes constantly. As a large language model, I do not have real-time access to this information. Please consult a financial data provider for up-to-date information.

Recent Initiatives: Recent initiatives include acquiring businesses to broaden their product and services capabilities.

Hillenbrand is a global industrial company with a diverse portfolio and presence. Strengths lie in its aftermarket business, global reach, and diversified end markets. The company needs to carefully manage acquisition integrations and be mindful of economic cycles and raw material costs. Hillenbrand is well positioned for future growth with the right strategies in place.

Data Sources:

• Company reports, Industry analysis reports, Financial news sources, Competitor public filings, and General knowledge

Disclaimers:

The analysis provided is for informational purposes only and should not be considered financial advice. Market conditions and company performance can change rapidly. Consult with a qualified financial advisor before making any investment decisions.