BRIEF-Hillenbrand To Acquire The Schenck Process Food And Performance Materials Business

Hillenbrand Inc: * HILLENBRAND TO ACQUIRE THE SCHENCK PROCESS FOOD AND PERFORMANCE MATERIALS BUSINESS, A GLOBAL PROVIDER OF PROCESSING TECHNOLOGIES AND SYSTEMS

* HILLENBRAND INC - PROPOSED DEAL FOR ENTERPRISE VALUE OF APPROXIMATELY $730 MILLION * HILLENBRAND INC - TRANSACTION IS EXPECTED TO BE ACCRETIVE TO ADJUSTED EPS IN FIRST YEAR AFTER CLOSING

* HILLENBRAND INC - DOUBLE-DIGIT ACCRETION ANTICIPATED AFTER FIRST YEAR OF DEAL CLOSING * HILLENBRAND INC - TRANSACTION IS EXPECTED TO PROVIDE DOUBLE DIGIT ROIC BY YEAR FIVE

* HILLENBRAND - EXPECTS TO USE CASH ON HAND AND CASH AVAILABLE UNDER ITS REVOLVING CREDIT FACILITY TO FUND DEAL Source text for Eikon: Further company coverage: