Hawkins, Inc. Expands Water Treatment Footprint with Acquisition of Water Guard, Inc. in North Carolina
Rhea-AI Summary
Hawkins Inc (Nasdaq: HWKN) has acquired Water Guard Inc, a water treatment chemicals and equipment distributor serving Virginia and the Carolinas since 1978. The acquisition provides Hawkins with its first location in North Carolina, supporting its East Coast expansion strategy. Water Guard's customers will benefit from expanded product offerings and additional resources while maintaining the company's commitment to outstanding products and services.
Positive
- Strategic expansion into North Carolina market
- Geographic expansion on the East Coast
- Access to established customer base in Virginia and the Carolinas
- Acquisition of a company with 45+ years of market presence
Negative
- None.
News Market Reaction – HWKN
On the day this news was published, HWKN gained 0.11%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
ROSEVILLE, Minn., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Hawkins, Inc. (Nasdaq: HWKN), a leading specialty chemical and ingredients company, has completed the acquisition of the assets of Water Guard, Inc. Water Guard distributes water treatment chemicals and equipment for its customers in Virgina and the Carolinas.
“As we continue to grow our water treatment business, Water Guard brings us our first location in North Carolina and helps accelerate our expansion on the East Coast,” said Hawkins Chief Executive Officer Patrick H. Hawkins. “Water Guard has built a strong business that we have admired for years and that is well-connected with the local community. We intend to maintain and expand those connections and look forward to a bright future together.”
Jim Moyer, President and Owner of Water Guard, Inc. said, “Water Guard has been proud to serve Virginia and the Carolinas since 1978 and we’re glad to team with Hawkins to ensure the company will continue to grow and succeed in this industry. Water Guard would not be where it is today without its dedicated employees and loyal customer base. Teaming with Hawkins offers Water Guard customers expanded product offerings and additional resources. Most importantly, Hawkins shares our unwavering commitment by offering outstanding products and services, a principle we have upheld for over 45 years.”
Mr. Hawkins concluded, “On behalf of the entire Hawkins organization, I welcome the Water Guard team to the Hawkins family and look forward to our continued growth together.”
About Hawkins, Inc.
Hawkins, Inc. was founded in 1938 and is a leading specialty chemical and ingredients company that formulates, distributes, blends, and manufactures products for its Industrial, Water Treatment, and Health & Nutrition customers. Headquartered in Roseville, Minnesota, the Company has 61 facilities in 28 states and creates value for its customers through superb customer service and support, quality products and personalized applications. Hawkins, Inc. generated
FAQ
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