Hillenbrand, Inc. has entered into a definitive agreement to acquire Red Valve Company, Inc. for USD 131.9M in cash, including USD 3.3M for related real estate. The transaction is expected to close within 30 days, upon receipt of regulatory approval. “This acquisition advances Hillenbrand’s strategy to transform into a world-class global diversified industrial company,” said Joe Raver, President and CEO of Hillenbrand. “We believe Red Valve will complement our recent ABEL acquisition, increasing our ability to expand into new end markets and geographies within the highly attractive flow control space.”
During the trailing 12-month period, Red Valve’s revenue was approximately USD 38.6M, and its adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was nearly USD 12.1M, excluding USD 1.9M in non-recurring expenses.
“We are excited about the opportunities Hillenbrand brings to our company,” said Chris Raftis, President of Red Valve. “Hillenbrand has a global footprint that provides us with a significant opportunity for international growth and we look forward to working with the company to achieve our strategic vision.” EC Mergers & Acquisitions, a EuroConsult company, acted as exclusive financial adviser to the shareholders of Red Valve.
