Hillenbrand, Inc. announced that it has entered into a definitive agreement to acquire Schenck Process Food and Performance Materials (FPM) business, a portfolio company of Blackstone. FPM specializes in the design, manufacturing and service of, among other technologies, feeding, filtration, baking, depositing, milling and material handling equipment, and systems for the food, plastics, chemicals and construction material industries. At closing, FPM will become a part of Coperion’s Food, Health & Nutrition Division, joining previous acquisitions Linxis Group, Peerless and Gabler. In addition, the Performance Materials business brings additional products and an expansion of existing product lines to Coperion’s polymer portfolio, as well as applications know-how in the construction materials and chemicals space.

Coperion’s Food, Health & Nutrition Division includes Bakon, Coperion K-Tron, Diosna, Gabler Engineering, Peerless, Shaffer, Shick Esteve, Unifiller, and VMI, which serve customers in more than 100 countries. Key brands of FPM such as Baker Perkins, Kemutec and Raymond Bartlett Snow (RBS) will join the Coperion brands in providing technologies and solutions across a variety of end markets.