Right Lane Industries Acquires Majority Stake in TerraSource Global from Hillenbrand
October 25, 2021
Hillenbrand completed the divestiture of its TerraSource Global business, contributing the business to newly formed TerraSource Holdings, LLC. Affiliated companies of Right Lane Industries (RLI) obtained majority ownership and operational control while Hillenbrand received a five‑year note with initial principal of $25.6 million and retained an indirect 49% ownership interest in the new Holdings entity.
- Buyers
- Right Lane Industries
- Targets
- TerraSource Global
- Sellers
- Hillenbrand, Inc.
- Industry
- Manufacturing
- Location
- Missouri, United States
- Transaction Type
- Divestiture
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