More info / Customize. Hillenbrand has a direct presence in 3 countries. For more information, please visit www.longrangepartners.com. HI Stock Quote Volume Open Day's Low Day's High 52 Wk Low 52 Wk High Bid Ask EPS PE Ratio Shares Market Cap Dividend Ex-Div Date Yield 1 day 5 days 10 days 1 month 3 months 6 months 1 year Batesville 15,765 followers 3mo Like the Dryden casket? Debt financing for the transaction is being led by TD Securities, who is acting as Joint Lead Arranger, Joint Bookrunner and Administrative Agent, along with Joint Lead Arrangers and Joint Bookrunners JPMorgan Chase Bank, N.A. The stock youre looking for is called Batesville Casket Company, and it is a stock broker that sells shares of stock on a stock exchange. The company launches its Options cremation line. The Batesville segment is involved in the death care industry. STAMFORD, Conn., December 15, 2022--(BUSINESS WIRE)--LongRange Capital ("LongRange"), a private investment firm with a longer-term orientation to building and growing middle market businesses, announced that it has entered into a definitive agreement to acquire Batesville Casket Company ("Batesville"), a leading provider of quality death care products and services as well as innovative technology solutions. Hillenbrands move would result in it selling off the casket-making business and brand that served as the roots for the larger Hillenbrand company in Batesville starting in 1884. Purchase your ticket today. Valuation Matrix on Relative & SOTP Bases, Peer Comparison Matrix for the Advance Process & Molding Tech Solutions Segment, Peer Comparison Matrix for the Batesville Segment. Hillenbrand, Inc. (HI) Stock Price, News, Quote & History - Yahoo Finance Dow Futures Hillenbrand, Inc. (HI) NYSE - NYSE Delayed Price. Sorry, we have detected unusual traffic from your network. (AP) Hillenbrand Inc. said Thursday that it has reached an agreement to sell its Batesville Casket Co. subsidiary the largest producer of caskets in the U.S. to an affiliate of a Connecticut-based private equity firm for $761.5 million. Baxter bought Hill-Rom in 2021. LongRange's acquisition of Batesville, from Hillenbrand, Inc. , a global industrial company, is expected to close in the first quarter of 2023, subject to regulatory approval and other customary . Funeral homes often have high prices for the workmanship and quality of these brand name caskets. LongRange is currently investing a highly flexible, committed capital pool backed by long-term institutional holders. It operates through the following segments: Advanced Process Solutions, Molding Technology Solutions and Batesville. Ms. Ryan has been on the board of a company that previously performed a Spinoff. KBAL Net proceeds from the sale are expected to be used for debt reduction, Hillenbrand said. Its stock was trading at around $17 early this week, below its $19.39 on Jan. 28 but above the $16.68 where it started the year. Continuing innovation in casket design, Batesville introduces the lift/tilt adjustable bed. Casket manufacturers in the USA Batesville Casket Company Batesville Casket Company is owned by Hillenbrand Inc. Headquartered in Batesville, Indiana, with estimated annual revenues of $553 million. Do Not Sell or Share My Personal Information. LongRanges acquisition of Batesville, from Hillenbrand, Inc. (NYSE: HI), a global industrial company, is expected to close in the first quarter of 2023, subject to regulatory approval and other customary closing conditions. However, trends toward cremation were slowly shrinking sales. However, coffins having a one-piece side with a curve at the shoulder instead of a join are more commonly used in the United Kingdom (UK). have continued to progress with the transition away from just selling caskets in the death care business to becoming a large diversified industrial company.
Caskets, Urns & Keepsakes - Batesville Metal Caskets for Sale. Buy Metal Caskets Up to 85% Off. Batesville begins manufacturing metal caskets. Hillenbrand is the 18th-largest public company in Indiana based on its 2021 revenue of $2.9 billion, according to research by the Indianapolis Business Journal. Batesville Casket Company is looking for a Maintenance Associate (2nd shift) to join our team in Batesville, IN. As of September, the company reported it had 11,000 employees globally, with 3,800 of them in the United States. John A. Hillenbrand and associates pose at the Batesville facility (via Batesville) Starting in the 1860s, a German immigrant began quietly acquiring these small casket brands in a bid to consolidate the market. The Advanced Process Solutions segment provides compounding, extrusion, and material handling, screening, and separating equipment, systems, and services for manufacturing and other industrial processes. In this episode, we hear how she became a sponge for product design, figured out how to make accessible yet high-end jewelry, and how she even relocated to China for the better part of a year to personally see to her brand's manufacturing. The stock you're looking for is called "Batesville Casket Company," and it is a stock broker that sells shares of stock on a stock exchange.
Hillenbrand agrees to sell storied Batesville Casket Co. for $761M Opens in a new window.
Sorry, we have detected unusual traffic from your network. All rights reserved. Hillenbrand said it agreed to sell Batesville Casket to a LongRange Capital affiliate so it can focus on its strategic move toward long-term growth in attractive markets such as plastics, food and recycling. Batesville is a stock exchange. At CasketSite.com we offer Batesville Caskets direct to you, at our guaranteed wholesale prices. About Us; Shape What Matters For Tomorrow. 7. Caskets are delivered to more than 16,000 funeral homes daily using Batesville's own fleet of trucks. Batesville ( www.Batesville.com ), a wholly owned subsidiary of Hillenbrand, Inc. (NYSE: HI), is a recognized leader in the death care industry in North America, offering a comprehensive portfolio of burial and cremation products, memorialization options and innovative technology solutions. There are currently no items in this Watchlist. Words that could indicate that we are making forward-looking statements include the following: This is not an exhaustive list, but is intended to give you an idea of how we try to identify forward-looking statements. Copyright 2023 MarketWatch, Inc. All rights reserved. Have Watchlists? Paralegal. Its good they recognize that because its true. As a Warehouse Associate you will be responsible for. Solid Bronze w/ Champagne Velvet Interior. BATESVILLE, Ind. Peers SCI and CSV are expected to make around 30% and 33%, respectively, owing to their revenue mix. Finally on July 20, the company have announced a strategic review of their Batesville business. Net proceeds from the sale are expected to be used for debt reduction, Hillenbrand said in a news release. . Hillenbrand, also based in Batesville, said it has agreed to sell the business to an affiliate of LongRange Capital so it can focus on its strategic move toward long-term growth in attractive markets such as plastics, food and recycling. The negative consequences of having an out-of-state investment company as the owner of the Casket Co. operations does not equate to a long-term commitment nor short-term stability. Employees: 177, union Total Square Footage: 197,816 Primary Product/Market: wood component parts for caskets Start-Up Date: 1975 Achievements: 55% reduction in cost of quality since 2006; 76% reduction in OSHA-recordable injury and illness cases in past three years; 2007 IndustryWeek Best Plants winner. The ladies in the front office are very helpful. Despite strong profitability, growth was flat as cremation. WOODBRIDGE PECAN/146799 CWPNBACMBQ / Batesville $5,299 Solid pecan casket with a medium stained, satin finished exterior and champagne velvet interior. Casket Price List These prices are effective as of November 21, 2019, but are subject to change without notice. Log in to see them here or sign up to get started. I dont think its a city thats going to change. Stamford, Connecticut-based LongRange Capital was founded in 2019 by Bob Berlin and invests in a range of consumer, industrial, and information and technology companies. Credit Suisse served as lead financial advisor to LongRange and TD Securities also served as financial advisor on the transaction. Batesville Caskets provide the highest brand name quality caskets in the funeral and cremation industry.
LongRange Capital to Acquire Batesville Casket Company from Hillenbrand Increase in cremation is killing the casket business. Job in Batesville - IN Indiana - USA , 47006. This was made clear in HIs most recent transcript (Feb 3, 2022), where the management said that our next strategic pillar is to manage Batesville for cash.. ", "Batesville is a strong business with passionate associates who are committed to our customers and our mission of helping families honor the lives of those they love," said Chris Trainor, President of Batesville. Historical and current end-of-day data provided by FACTSET. The deal is expected to close in the first quarter of 2023, provided it clears all regulatory hurdles. In Stock. Batesville (www.Batesville.com), a wholly owned subsidiary of Hillenbrand, Inc. (NYSE: HI), is a recognized leader in the death care industry in North America, offering a comprehensive portfolio of burial and cremation products, memorialization options and innovative technology solutions. A distinction is often made between coffin and casket: the latter is generally understood to denote a four-sided (almost always rectangular) funerary box, while a coffin is usually six-sided. 24/7 coverage of breaking news and live events. Visit a quote page and your recently viewed tickers will be displayed here. Today, Batesville is a leading provider of quality products and business solutions in the death care industry, offering the widest selection of burial and cremation products, memorial keepsakes and business and technology solutions that meet the changing needs of families and licensed funeral professionals across North America. The forward-looking information in this release speaks only as of the date hereof, and we assume no obligation to update or revise any forward-looking information. (In-state rival Batesville Casket Co., a subsidiary of Hillenbrand Industries Inc., was the largest.) Caskets, Urns & Keepsakes - Batesville Celebrating lives.
Batesville casket sales, margins both drop - Funeral Director Daily -- Hillenbrand Inc. said Thursday that it has reached an agreement to sell its Batesville Casket Co. subsidiary the largest producer of caskets in the U.S. to an affiliate of a Connecticut-based private equity firm for $761.5 million. Nominate a company for IBJs exclusive ranking of fastest-growing privately held companies by March 1st. Disclaimer of . Job specializations: Law/Legal. Since then, more than 14.5 million trees have been planted under this program. The home health sector is one of the canaries in the coal mine of the effects of an aging population. When it comes eldercare, help is wanted but workers are scarce. HI Total Shareholder Return (TSR) Vs. Peers & Index. There are currently no items in this Watchlist. As well as sadness. Joining Batesville means becoming part of a tight-knit family that thrives on teamwork, community, and making a difference in peoples' lives. However, a lot has happened between then and now that has made a Spinoff of the casket segment even more compelling. "Completing our transformation into a pure-play industrial company allows Hillenbrand to concentrate our investments into our APS and MTS segments, where we see strong growth potential," said Kim Ryan, President and Chief Executive Officer of Hillenbrand.
Batesville Casket faces threat from Chinese imports This was reflected in its 2-year TSR annualized (shown below), but historically HI has always been on the lower-end of the TSR chart versus its peers and Index with respectfully a better performance recently. Whether youre a broker, developer, or serve the real estate industry, youre invited to a night of mixing + mingling.
Batesville Casket Company Careers and Employment | Indeed.com These factors include, but are not limited to: global market and economic conditions, including those related to the financial markets; the impact of contagious diseases such as the COVID-19 pandemic and the escalation thereof due to variant strains of the virus and the societal, governmental, and individual responses thereto, including supply chain disruption, loss of contracts and/or customers, erosion of some customers' credit quality, downgrades of the Company's credit quality, closure or temporary interruption of the Company's or its suppliers' manufacturing facilities, travel, shipping and logistical disruptions, domestic and international general economic conditions, such as inflation, exchange rates and interest rates, loss of human capital or personnel, and general economic calamities; risks related to the Russian Federation's invasion of Ukraine (referred to herein as the "Ukraine War") and resulting geopolitical instability and uncertainty, which could have a negative impact on our ability to sell to, ship products to, collect payments from, and support customers in certain regions, in addition to the potential effect of supply chain disruptions that could adversely affect profitability; the risk of business disruptions associated with information technology, cyber-attacks, or catastrophic losses affecting infrastructure; negative effects of the Linxis Group SAS ("Linxis") acquisition or other acquisitions on the Company's business, financial condition, results of operations and financial performance (including the ability of the Company to maintain relationships with its customers, suppliers and others with whom it does business); the possibility that the anticipated benefits from the Linxis acquisition and other acquisitions cannot be realized by the Company in full or at all or may take longer to realize than expected; risks that the integrations of Linxis or other acquired businesses disrupt current operations or pose potential difficulties in employee retention or otherwise affects financial or operating results; any failure to obtain, or delays in obtaining, required regulatory approvals or clearances for the Proposed Transaction; any failure by the parties to satisfy any of the other conditions to the Proposed Transaction; the possibility that the Proposed Transaction is ultimately not consummated; potential adverse effects of the announcement or results of the Proposed Transaction on the market price of the Company's common stock or on the ability of the Company to develop and maintain relationships with its personnel and customers, suppliers and others with whom it does business or otherwise on the Company's business, financial condition, results of operations and financial performance; risks related to diversion of management's attention from our ongoing business operations due to the Proposed Transaction; the impact of the Proposed Transaction on the ability of the Company to retain and hire key personnel; increasing competition for highly skilled and talented workers as well as labor shortages; our level of international sales and operations; the impact of incurring significant amounts of indebtedness and any inability of the Company to respond to changes in its business or make future desirable acquisitions; the ability of the Company to comply with financial or other covenants in debt agreements; cyclical demand for industrial capital goods; the ability to recognize the benefits of any acquisition or disposition, including potential synergies and cost savings or the failure of the Company or any acquired company to achieve its plans and objectives generally; impairment charges to goodwill and other identifiable intangible assets; competition in the industries in which we operate, including on price; impacts of decreases in demand or changes in technological advances, laws, or regulation on the revenues that we derive from the plastics industry; our reliance upon employees, agents, and business partners to comply with laws in many countries and jurisdictions; increased costs, poor quality, or unavailability of raw materials or certain outsourced services and supply chain disruptions; continued fluctuations in mortality rates and increased cremations; the dependence of our business units on relationships with several large customers and providers; competition faced by our Batesville business from non-traditional sources; the impact to the Company's effective tax rate of changes in the mix of earnings or tax laws and certain other tax-related matters; exposure to tax uncertainties and audits; involvement in claims, lawsuits and governmental proceedings related to operations; uncertainty in the United States political and regulatory environment or global trade policy; adverse foreign currency fluctuations; labor disruptions; and the effect of certain provisions of the Company's governing documents and Indiana law that could decrease the trading price of the Company's common stock. . With a stock market that has taken a bashing, companies need to think of their shareholders as the economy tightens its belt and further consider how they are going to offer value for the holders of their stock.
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