, /PRNewswire/ -- (NYSE: HI) has completed its previously announced acquisition of for a purchase price of in cash, including for related real estate.

Based in , Red Valve is a global leader in highly-engineered valves designed to operate in the harshest municipal and industrial wastewater environments. Its products support mission critical applications in water, power and mining and other general industrial markets. Red Valve joins , which includes ABEL, a globally-recognized leader in positive displacement pumps.

This acquisition advances strategy to transform into a world-class global diversified industrial company. Red Valve complements recent ABEL acquisition, increasing the company's ability to expand into new end markets and geographies that have solid profitable growth potential within the flow control space.

About
 (www.hillenbrand.com) is a global diversified industrial company with multiple market-leading brands that serve a wide variety of industries across the globe. We pursue profitable growth and robust cash generation in order to drive increased value for our shareholders. portfolio is composed of two business segments: the and Batesville. businesses design, develop, manufacture and service highly engineered industrial equipment around the world. is a recognized leader in the North American death care industry. is publicly traded on the under 'HI'.

About Red Valve
 (www.redvalve.com) is the world's largest manufacturer of pinch valves and has an international reputation for quality-engineered valves designed for long life in the toughest municipal and industrial applications. Red Valve advanced elastomer technology is engineered into every Red Valve pinch valve, control valve, slurry knife gate valve, pressure sensor, Redflex© Expansion Joint and revolutionary all-rubber Tideflex© Check Valve.

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SOURCE

Corporate Communications for Hillenbrand, Tory Flynn, Director, Corporate Communications, Phone: 812-931-5024, E-mail: tory.flynn@hillenbrand.com; Investor Relations for Hillenbrand, Chris Gordon, Director, Investor Relations, Phone: 812-931-5001, E-mail: chris.gordon@hillenbrand.com

Hillenbrand Inc. issued this content on 02 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 02 February 2016 14:19:05 UTC

Original Document: http://ir.hillenbrand.com/investor-relations/news/news-details/2016/Hillenbrand-Completes-Acquisition-of-Red-Valve/default.aspx