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Stock Market & Financial Investment News

News Breaks
March 20, 2013
17:04 EDTHIHillenbrand CEO Kenneth Camp to retire, Joe Raver named successor
Kenneth Camp has notified the board of directors of Hillenbrand of his intent to retire as president, CEO and director. Hillenbrand's chairman of the board, Joe Loughrey, announced the decision of the board of directors to transfer leadership to Hillenbrand executive Joe Raver. Camp will be stepping down from his position on September 6 for a transition of leadership to Raver prior to Camp's retirement on December 31.
News For HI From The Last 14 Days
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September 2, 2015
16:25 EDTHIHillenbrand to acquire ABEL Pumps from Roper for EUR95M
Hillenbrand (HI) has entered into a definitive agreement to acquire ABEL Pumps and certain of its affiliates from Roper Technologies (ROP) for EUR95M in cash. The transaction is expected to close within approximately 30 days. ABEL specializes in designing, developing and manufacturing piston diaphragm and piston pumps as well as pumping solutions and in providing related parts and service. At the completion of the transaction, ABEL will join Coperion, Rotex and TerraSource Global in Hillenbrand's Process Equipment Group. The transaction is expected to be accretive to Hillenbrand's earnings per share beginning in the first year, net of acquisition costs.

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