Tranche Update on Hillenbrand, Inc. (NYSE:HI)'s Equity Buyback Plan announced on July 24, 2008.
January 31, 2018 at 04:28 pm EST
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From October 1, 2017 to December 31, 2017, the company has repurchased 375,210 shares, representing 0.59% for $15.23 million. With this, the company has completed the repurchase of 3,927,440 shares, representing 6.24% for $114.61 million under the buyback announced on July 24, 2008.
Hillenbrand, Inc. is a global industrial company that provides processing equipment and solutions. The Company operates through two segments: advanced process solutions and molding technology solutions. The advanced process solutions segment is a provider of process and material handling equipment, systems, and aftermarket parts and services for a variety of industries, including durable plastics, food and recycling. This segment's technologies include compounding, extrusion, material handling, conveying, mixing, ingredient automation, portion process, and screening and separating equipment. The molding technology solutions segment provides equipment, systems and aftermarket parts and service for the plastic technology processing industry. This segment has a product portfolio that includes injection molding and extrusion equipment, hot runner systems, mold bases and components, and maintenance, repair, and operating supplies. Its brands include Coperion, Milacron, K-Tron and Rotex.