Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.22.2
Subsequent Events
9 Months Ended
Jun. 30, 2022
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Repurchases of Common Stock

Subsequent to June 30, 2022, the Company has repurchased approximately 291,000 shares of the Company’s common stock at a total cost of $11.9.

Proposed Acquisition of Herbold Meckesheim GmbH

On June 30, 2022, the Company entered into a definitive agreement to acquire Herbold Meckesheim GmbH (“Herbold”) for an enterprise value of approximately $83.1 (€79). Based in Meckesheim, Germany, Herbold is a leader in recycling systems, specializing in key process steps such as washing, separating, drying, shredding, and pulverizing. This transaction, which is expected to close during the fiscal fourth quarter of 2022, is subject to regulatory approval and other customary closing conditions.
Binding Offer to Acquire LINXIS Group SAS

On July 19, 2022, the Company signed a binding offer to acquire LINXIS Group SAS (“Linxis”) for an enterprise value of approximately $584.1 (€572). With a global footprint and corporate headquarters in Nantes, France, Linxis is a leading global provider of mixing, ingredient automation, and portioning solutions for food and other higher growth end markets. Upon completion of required works council consultations, the parties expect to enter into a definitive purchase agreement, with closing expected to occur before the end of calendar year 2022, subject to regulatory approvals.