As a result, some of the services that Batesville has provided over the years are now needed by the city, and not just the city. However, trends toward cremation were slowly shrinking sales. Evercore acted as a financial advisor for Hillenbrand for this transaction, and Skadden, Arps, Slate, Meagher & Flom LLP acted as legal counsel. With annual revenues of nearly $600 million, Batesville is the clear leader, providing a comprehensive portfolio of burial and cremation products, memorialization offerings, profit-enhancing merchandising systems, and leading-edge technology designed to help funeral directors succeed. "We look forward to building upon our track record of performance, enabled by consistent deployment of the Hillenbrand Operating Model to drive profitable growth and deliver long-term value to our shareholders. 2023 Cremation Caskets Market Largest Share and Growth Potential by Solid Mahogany Batesville Paragon Mahogany. The company owns its current headquarters building, filings state. Opinions expressed by Forbes Contributors are their own. Batesville Casket's parent company, Hillenbrand Industries, reported Fiscal Year 2021 and FY 4th Quarter 2021 results last week. Batesville Casket History: Founding, Timeline, and Milestones The word took two different paths, cofin in Old French originally meaning basket, became coffin in English and became couffin in modern French which nowadays means a cradle. News at Batesville Casket Company - The Official Board Cremation may serve as a funeral or post-funeral rite as an alternative to the interment of an intact dead body in a coffin or casket. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. They will likely not be stewards of the city as the Hillenbrand company has admirably been for decades. WOODBRIDGE PECAN/146799 CWPNBACMBQ / Batesville $5,299 Solid pecan casket with a medium stained, satin finished exterior and champagne velvet interior. It is a broker that is regulated by the Securities and Exchange Commission. Hillenbrand agrees to sell storied Batesville Casket Co. for $761M, Commercial Real Estate & Construction Power Breakfast, Engage Greater Lafayette West Lafayette, Engage West Central Indiana Terre Haute, The stars are aligning in climate-change fight, Tech success requires playing offense and defense, Real estate, construction industries adapt to market challenges, Flight challenges are far from insurmountable, Todays solutions combine automation, talent, DEI progress is good for the entire community, Diversity efforts require sincerity, patience, Innovation isnt a luxury, its essential, Advice from entrepreneurs whove been there, Office sector reinventing itself; multifamily and industrial sectors thrive, Fixing leaks in our talent and information pipelines, Organizations take a hard look at hiring practices, Educators still too focused on traditional paths, Employers, educators working together can improve outcomes and economy, Ending food insecurity takes scale, creativity, Technological advancements heighten cybersecurity challenges, Better design, sound fundamentals contribute to upbeat forecast, Technology applications at Trine only limited by students imagination, Why public relations is essential in times of uncertainty, Advanced Accelerator Applications bets on Indianapolis and the future of radiopharmaceuticals, RJE has two reasons to celebrate: 32 years serving the Indianapolis community, and a new partnership focused on the future of the workplace, Delta Dental teams up with VSP Vision Care, So You Want to Start and Sell a Business, Why Your Next Great Hire May Never Walk Through Your Door, Delta Dental offers enhanced benefits for patients with special needs, Data Integrity, Breaches, and Consumer Trust, Verizons 5G network is advancing Indys tech economy, The Culture Queen on what it takes to be an entrepreneur, Business Cares: Corporate Social Responsibility, Business Cares Diversity, Equity & Inclusion.