LBB Specialties is consolidating from two original locations in Norwalk.
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It's the first acquisition of 2023 for Hillenbrand after the industrial distributor made four bolt-ons in 2022.
The acquisition of PCC bolsters GracoRoberts’ presence in the aerospace composites market, according to a news release.
The transaction between the chemicals and food ingredients distributor and private equity firm Apollo is expected to close in the second half of 2023.
The transaction brings Envoy's total number of transactions in 2022 to 20.
It will be Envoy’s 11th bolt-on so far this year.
Lucian Boldea joins Honeywell from Eastman Chemical.