DeZURIK Acquires Red Valve from Hillenbrand

January 4, 2021

DeZURIK, Inc. acquired Hillenbrand's Red Valve business in a divestiture completed December 31, 2020, at an enterprise value of $63 million (approximately $58 million cash plus a $5 million note). Hillenbrand said the sale aligns with its strategy to streamline its portfolio and that proceeds will be used primarily to reduce leverage.

Buyers
DeZURIK, Inc.
Targets
Red Valve
Sellers
Hillenbrand, Inc.
Industry
Manufacturing
Location
Pennsylvania, United States
Transaction Type
Divestiture

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