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Hillenbrand Inc. has agreed to buy Schenck Process Food and Performance Materials (FPM) ´óÏó´«Ã½, a Blackstone company. In plastics, Schenck is known for feeding and other material handling equipment. Terms were not disclosed.

When the deal closes, FPM will become a part of Coperion’s Food, Health & Nutrition Division, “bringing 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,” according to a release issued by the company.

Coperion’s Food, Health & Nutrition Division is composed of industry leading brands, including material handing and conveying specialist Coperion K-Tron — that serve customers in more than 100 countries.  In the release, Coperion called Schenck’s FPM ´óÏó´«Ã½ “highly complementary” to its current product line. Said Ulrich Bartel, president of Coperion, “For our polymer, chemicals, and minerals ´óÏó´«Ã½, this acquisition means an expansion of our existing product portfolio, and we will be able to offer our customers even better solutions.”