Batesville Casket Company Workers Ratify Four-Year Labor Agreement
Today Batesville Casket Company, a subsidiary of Hillenbrand, Inc. , announced that members of the United Steelworkers of America - Local 525U have ratified a four-year labor contract with Batesville Casket Company. Effective until May 2012, the contract covers workers at the company's manufacturing facilities in Batesville, Ind.
"We have a long history of developing excellent labor relations, and we are always focused on reaching agreements that are good for our customers, good for our associates and good for our shareholders," said Doug Kunkel, vice president of Batesville Casket Company's global product supply chain. "This agreement provides us with the competitive wage and benefit package we need to continue to attract and retain the most skilled workers in the industry, while ensuring we continue to have the flexibility to meet the increasing demands placed on our business. Additionally, the four-year term provides a level of stability for both our associates and the customers served by this location."
ABOUT HILLENBRAND, INC.
Hillenbrand, Inc. is the holding company for Batesville Casket Company, a leader in the North American death care industry through the manufacture, distribution, and sale of funeral service products to licensed funeral establishments. Batesville sells primarily burial caskets, but also provides cremation caskets, containers and urns, and selection room display fixturing for funeral establishments.
Batesville's mission is to provide funeral directors with the highest quality products and services; in a phrase, "helping families honor the lives of those they love." (R)
Certain statements in this release contain forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the future plans, objectives, beliefs, expectations, representations, and projections of Hillenbrand, Inc. (the "Company"). The Company has tried, wherever possible, to identify these forward looking statements using words such as "intend," "anticipate," "believe," "plan," "expect," "may," "goal," "become," "pursue," "estimate," "strategy," "will," "projection," "forecast," "continue," "accelerate," "promise," "increase," "higher," "lower," "reduce," "improve," "expand," "progress," "potential" or the negative of those terms, other variations of them, or by comparable terminology. The absence of such terms, however, does not mean that the statement is not forward looking. It is important to note that forward looking statements are not guarantees of future performance, and the Company's actual results could differ materially from those set forth in any forward looking statements. Factors that could cause actual results to differ from forward looking statements include, but are not limited to: the antitrust litigation in which the Company is currently a defendant; the Company's dependence on its relationships with several large national providers; continued fluctuations in mortality rates and increased cremations; ongoing involvement in claims, lawsuits, and governmental proceedings; failure of the Company's announced strategic initiatives to achieve expected growth, efficiencies, or cost reductions; disruptions in the Company's business or other adverse consequences resulting from the spin-off of the Company from Hillenbrand Industries, Inc.; competition from nontraditional sources in the funeral service business; increased costs or unavailability of raw materials; labor disruptions; the ability to retain executive officers and other key personnel; and certain tax-related matters. For a more in depth discussion of these and other factors that could cause actual results to differ from those contained in forward looking statements, see the discussions under the heading "Risk Factors" in the Information Statement dated March 17, 2008 filed as Exhibit 99.1 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on March 17, 2008. The Company assumes no obligation to update or revise any forward looking statements.
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