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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