Hawkins, Inc. Expands Water Treatment Footprint with Acquisition of StillWaters Technology, Inc.
Rhea-AI Summary
Hawkins (Nasdaq: HWKN), a leading water treatment and specialty ingredients company, has completed the acquisition of StillWaters Technology, a water treatment chemicals and equipment distributor in Alabama. The strategic acquisition strengthens Hawkins' presence in the southern United States and expands its customer base in Alabama.
CEO Patrick H. Hawkins emphasized that this tuck-in acquisition aligns with the company's strategy to grow its water treatment business and accelerate southern expansion. The company plans to maintain StillWaters' strong local community connections while integrating the team into the Hawkins organization.
Positive
- Strategic expansion of water treatment business in the southern U.S.
- Acquisition provides immediate access to established Alabama customer base
- Adds StillWaters' existing community relationships and business connections
- Demonstrates successful execution of growth strategy through tuck-in acquisitions
Negative
- Financial terms and acquisition cost not disclosed
- Integration costs and timeline not specified
News Market Reaction – HWKN
On the day this news was published, HWKN declined 1.47%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
ROSEVILLE, Minn., Aug. 29, 2025 (GLOBE NEWSWIRE) -- Hawkins, Inc. (Nasdaq: HWKN), a leading water treatment and specialty ingredients company, has completed the acquisition of StillWaters Technology, Inc. (“StillWaters”). StillWaters distributes water treatment chemicals and equipment for its customers in Alabama.
“The acquisition of StillWaters Technology helps continue to build out our southern U.S. expansion, by giving us a larger customer base in Alabama. This tuck-in acquisition continues to demonstrate our ability to execute on our strategy to grow our water treatment business and accelerate our growth in the south,” said Hawkins Chief Executive Officer, Patrick H. Hawkins.
Mr. Hawkins continued, “StillWaters has built a strong business that is well-connected with the local communities, and we intend to maintain those connections. I would like to welcome the StillWaters team to the Hawkins organization and look forward to our continued growth together.”
About Hawkins, Inc.
Hawkins, Inc. was founded in 1938 and is a leading water treatment and specialty ingredients company that formulates, manufactures, distributes and blends products for its Water Treatment, Food & Health Sciences and Industrial Solutions customers. Headquartered in Roseville, Minnesota, the Company has 64 facilities in 28 states and creates value for its customers through superb customer service and support, quality products and personalized applications. Hawkins, Inc. generated
Contact: Jeffrey P. Oldenkamp
Executive Vice President and Chief Financial Officer
612/331-6910
ir@hawkinsinc.com
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