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Increase in cremation is killing the casket business…😉
It’s good they recognize that because it’s true. So many people don’t want a casket anymore.
They pivoted back in like 2008 – if you buy an Urn in Indiana it is likely from them as well
Do they still have medical division, they use to have 70% of the hospital bed market
Hillenbrand split Hill-Rom into a separate publicly traded company in 2008. Baxter bought Hill-Rom in 2021.
Batesville Casket was the only company Hillenbrand owns in Indiana and represented about 25% of their total revenue. The next major story for Hillenbrand will be moving their HQ location out of the state.
Agree with Rich M., hope I’m wrong but this was not a good day for the city of Batesville. The negative consequences of having an out-of-state investment company as the owner of the Casket Co. operations does not equate to a long-term commitment nor short-term stability. They will likely not be stewards of the city as the Hillenbrand company has admirably been for decades.