Schenck Process, a portfolio company of Blackstone (NYSE: BX), has finalized the previously announced sale of its Food and Performance Materials business (“FPM”) to Hillenbrand, Inc. (NYSE: HI). FPM is a market leader in technologies such as feeding, filtration, baking, depositing, and material handling equipment, and systems for the food, plastic, chemical, and construction material industries. The FPM business joins Hillenbrand’s Advanced Process Solutions business segment.

Keith Cochrane, CEO Schenck Process Group, commented:

“I am delighted that the FPM business has great opportunities to further develop its potential under new ownership. The Hillenbrand suite of technology and solutions and its global footprint provide an excellent home for the FPM business, creating a strong platform for continued growth and success. 

Following the divestiture, Schenck Process will strengthen its position as a leading provider of process solutions for mission-critical applications with a focus on the EMEA and Asian markets, offering customers a unique combination of individual products, smart solutions, and deep application expertise across a range of end markets including infrastructure, chemicals, green technologies, and advanced materials.”

About Schenck Process Group

Schenck Process is a leading global supplier of sustainable products, integrated solutions, and services for process-critical bulk materials applications. 

Headquartered in Darmstadt, Germany, Schenck Process runs locations in the Czech Republic, France, Italy, Spain, Austria, Poland, the United Kingdom, Turkey, Ukraine, China, India, Indonesia, and Japan. 

The EMEA and Asia business unit employs more than 1,100 people on four continents and focuses on chemical and high-performance materials as well as infrastructure and energy market segments.

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