Could Batesville Be For Sale Soon?
Disclaimer: I’m not making a statement that Batesville is for sale. To my knowledge the company is still owned by Hillenbrand and is not currently being sold. Just want to get that out of the way.
In the article “Hillenbrand moving away from casket cash” originally published by thestreet.com the writer points out the number of acquisitions that have been made by Hillenbrand causing the company to move further away from the funeral profession.
Batesville, which manufactures caskets, burial vaults, and urns, has been the company’s main source of revenue and operating earnings for years.
But Hillenbrand has been diversifying its business model, primarily through acquisitions, and Batesville is becoming a smaller piece of the pie.
It is no secret that the casket business is declining but Batesville is still a cash solid cash generating business, $142.6 million in 2012. In 2010 Batesville generated 85% of Hillenbrand’s revenue. In 2012 that revenue has dropped to 62%.
Hillenbrand made it’s largest purchase to date last month when it announced paid an estimated $550 million for Coperion Capital, a German material handling equipment maker. Again, moving it further away from the funeral profession.
These acquisitions haven’t been a secret to the funeral profession. In fact many questions and conversations between funeral directors have started because of these acquisitions.
There was one statement made by the writer of thestreet.com article that jumped out at me. And that was:
We’ll have to wait and see how the Coperion acquisition works out. With the move away from the funeral industry, I also wonder whether the company will put Batesville up for sale.
I don’t know that any conversation I have had with funeral professionals over the last 8 years ever resulted in the thought that Batesville could ever be for sale. Generally, the comment is centered around who Batesville will buy.
Based on thestreet.com article and the obvious fact that Hillenbrand is moving further and further away from the funeral profession, I think this is a valid question: “Could Batesville be up for sale soon?”
DISRUPT Media is a full-service creative agency built for the now. We partner with death care companies to drive deep-rooted brand loyalty and measurable leads through social media.
More Fans. More Conversations. More Leads.
Ryan is also the founder of ConnectingDirectors.com. ConnectingDirectors.com is the leading online daily publication for funeral professionals with a reader base of over 45,000 of the most elite and forward-thinking professionals in the profession. With ConnectingDirectors.com Ryan has created a global community through an online platform allowing funeral professionals to Stay Current. Stay Informed and Stay Elite.
Latest posts by Ryan Thogmartin (see all)
- What Happens When Arlington Cemetery Runs Out of Space? - June 5, 2018
- The Biggest Problem In Your Funeral Home Isn’t What You Think - May 8, 2018
- Walmart Takes One More Step Into The Funeral Industry With Funeral Potatoes - April 26, 2018
You may be interested
FTC Releases Results of Undercover Funeral Rule Investigation… 4 Regions BombedJustin Crowe - June 18, 2018
The FTC has released its report detailing the results of its undercover Funeral Rule investigation for 2017. Last year, the…
RELEASE THE FN CRAKN! | FUNERAL nation 114CDFuneralNews - June 18, 2018
It's a barn burner... The Commander is moving his Command Post!!! Besides the Commander on the move, the boys speak…
FrontRunner Professional Announces Expansion of Development TeamCDFuneralNews - June 18, 2018
Today FrontRunner Professional announced a significant expansion to their programming and development team with the addition of Greg Daye and…