Hawkins, Inc. Expands Water Treatment Footprint with Acquisition of PhillTech, LLC
Rhea-AI Summary
Hawkins Inc (NASDAQ:HWKN), a water treatment and specialty ingredients company, has announced the completion of its acquisition of PhillTech, LLC, an Alabama-based manufacturer and distributor of coagulants and corrosion control products for water treatment customers.
The strategic acquisition aims to strengthen Hawkins' water treatment business by expanding its production capabilities in coagulants and corrosion control products. The companies have maintained a long-standing strategic partnership prior to the acquisition, which is expected to facilitate integration.
Positive
- Strategic acquisition expands HWKN's water treatment product manufacturing capabilities
- Existing partnership with PhillTech suggests potential for smooth integration
- Acquisition strengthens market position in coagulants and corrosion control products
- Geographic expansion into Alabama market
Negative
- None.
ROSEVILLE, Minn., July 01, 2025 (GLOBE NEWSWIRE) -- Hawkins, Inc. (Nasdaq: HWKN), a leading water treatment and specialty ingredients company, has completed the acquisition of PhillTech, LLC. PhillTech, located in Alabama, manufactures and distributes coagulants and corrosion control products for its water treatment customers.
“As we continue to execute on our strategy to grow our water treatment business, we believe this tuck-in acquisition will help solidify and grow our production of coagulants and corrosion control products and further improve our position in this market. We have known PhillTech for many years and have built a solid working relationship with their team, having been a strategic partner for us in this space. I would like to welcome the PhillTech team to the Hawkins organization and look forward to our continued growth together,” said Hawkins Chief Executive Officer Patrick H. Hawkins.
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