News | May 13, 2007

Hillenbrand Industries to Split Into Two Independent Companies

May 14, 2007 - Hillenbrand Industries Inc. recently announced that its board of directors approved in principle a plan to separate into two independent publicly traded companies, each strategically positioned to capitalize on growth opportunities in their respective markets.

Under the plan, Hill-Rom, the company's medical technology business, would be spun out of Hillenbrand Industries through a tax-free dividend of its shares to Hillenbrand Industries shareholders. Batesville Casket would become the sole operating unit of Hillenbrand Industries and would continue to be publicly traded under the Hillenbrand Industries name. The separation is expected to be completed within nine months.

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