PETnews 6 NEWS PETplanet Insider Vol. 26 No. 11/25 www.petpla.net Hillenbrand announces agreement to be acquired by Lone Star Hillenbrand, Inc. announced that it has entered into a definitive agreement to be acquired by an affiliate of Lone Star Funds in an all-cash transaction valued at $ 32.00 per share, equating to an enterprise value of approximately $3.8 billion. The purchase price represents a premium of approximately 37% over Hillenbrand’s unaffected closing share price on August 12, 2025, and a premium of 53% over the volume weighted average price (VWAP) of Hillenbrand common stock for the 90 days ending August 12, 2025. Hillenbrand provides highly-engineered processing equipment and solutions to customers around the world through its Advanced Process Solutions and Molding Technology Solutions segments. Over the past three years, Hillenbrand has repositioned the business, strengthening and streamlining its portfolio through strategic acquisitions and divestitures and expanding its industrial food equipment portfolio. Among the key companies within Hillenbrand’s global industrial portfolio are for example Coperion, part of Hillenbrand’s Advanced Process Solutions segment, and Mold-Masters, part of its Molding Technology Solutions segment. The Hillenbrand Board of Directors unanimously approved the transaction. This agreement comes following the Hillenbrand Board of Directors’ review of several strategic alternatives for the company. The transaction is expected to close by the end of the first quarter of calendar year 2026 and is subject to customary closing conditions, including approval by Hillenbrand shareholders and receipt of required regulatory approvals. Upon completion of the transaction, Hillenbrand will become a privately held company, and Hillenbrand’s shares will no longer trade on the New York Stock Exchange. www.hillenbrand.com RecyClass launches first-ever certification focused on traceability for plastic sorting processes RecyClass official ly released its Sorting Process Certification, introducing a pioneering framework that meets the input requirements for food-contact recycled plastics in line with Regulation (EU) Nº 2022/1616. Starting in early 2026, sorting centres and downstream waste traders involved in preparing waste for plastic recycling processes will have the opportunity to apply for this certification. The new certification focuses on quality assurance and traceability throughout the sorting process, thereby further boosting transparency in the quality of recycled plastic materials from input to output. A key component of the scheme is its Module Alpha, which outlines additional criteria for sorting facilities handling plastic waste intended for potential foodcontact recycling. Looking ahead, RecyClass will initiate the training process for third-party Certification Bodies to enable the worldwide implementation of the scheme. Sorting operators committed to transparently communicating plastic waste traceability are invited to get certified upon recognition of the first Certification Bodies. www.recyclass.eu Krones wins German Sustainability Award Krones AG has been honoured with the German Sustainability Award (in German abbreviated to DNP) in the “Machinery manufacturing companies” category. With this recognition, the company underlines its role as a responsible technology provider for the beverage and food industry, sending out a strong signal for the future of the entire sector. The expert jury particularly commended the company’s consistency. Krones’ entire corporate strategy has been geared towards sustainability in order to make a contribution to solving three global challenges: avoiding plastic waste, feeding the world’s population, and mitigating climate change. The company’s pioneering role in providing energy-efficient machinery and systems technology was especially highlighted, as this enables Krones’ customers to operate more sustainably. The associated enviro product series was launched more than ten years ago. According to the written statement from the jury, Krones thereby demonstrated “early courage to embrace change.” The jury concluded: “The motivation to systematically point the Krones portfolio in a sustainable direction was an intrinsic one.” The DNP is one of the most prestigious sustainability awards in Europe. Its aim is to make the “beacons of transformation” visible and thereby provide effective impetus for a future-oriented economy. In this year’s competition round, the most sustainable companies across 100 industries were identified for the first time – based on the most comprehensive analysis to date of publicly available sustainability data. An independent expert jury of around 240 specialists from science, business and civil society decided on the winners. Krones succeeded in asserting itself as an industry leader in a two-stage process. The official prize-giving ceremony will take place on December 5, 2025 as part of the German Sustainability Congress in Düsseldorf. www.krones.com
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