Hillenbrand plans to use revolver borrowings to fund Abel acquisition

By Tali Rackner

Norfolk, Va., Sept. 2 – Hillenbrand Inc. said it expects to use cash available under its revolving credit facility and cash on hand to fund its acquisition of ABEL Pumps LP and certain of its affiliates from Roper Technologies, according to a news release.

The €95 million purchase is expected to close within about 30 days.

Hillenbrand is a diversified industrial company based in Batesville, Ind., that makes and sells business-to-business products.

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