Investment Thesis
Hillenbrand (HI) is an attractive company that has recently sold off, creating a compelling investment opportunity. The market seems to be overlooking a number of positive catalysts, including the recent acquisition of Milacron, a 20% backlog increase, opportunity in the food & pharmaceutical market, cash flow generation from Batesville, dividends and potential share repurchases in the future.
Catalysts
Milacron Acquisition
HI recently acquired Milacron which is a global leader in engineered and customized systems in plastics technology. The acquisition brings in a company making over $1 billion in annual revenue -