Category Archives: Press

Hawkins, Inc. (Nasdaq: HWKN), a leading specialty chemical and ingredients company, has completed the acquisition of the assets of Intercoastal Trading, Inc. and its affiliated companies. Intercoastal Trading distributes water treatment chemicals and equipment for its customers in Maryland, Delaware, and Virginia.

“As we continue to grow our water treatment business, Intercoastal Trading will accelerate our expansion in the heavily populated East Coast with its location within 200 miles of major population centers,” said Hawkins Chief Executive Officer Patrick H. Hawkins. “Intercoastal Trading has built a strong business that is well-connected with the local community, and we intend to maintain and expand those connections.”

Mr. Hawkins continued, “We expect the acquisition of Intercostal Trading to be accretive to earnings per share this fiscal year and we expect that even after this acquisition, our first quarter balance sheet will remain strong, with an anticipated leverage ratio of approximately 1x EBITDA at quarter end. In addition, I am pleased to report that all four acquisitions we completed during fiscal 2024 are meeting or exceeding our business plans and the integrations are on track.”

“We are thrilled to be joining the Hawkins team, as this presents a tremendous opportunity for our employees to grow and thrive with Hawkins,” said Intercoastal President George Robinson. “With the support of Hawkins’ premier resources and dedication to excellence, Intercoastal’s employees can continue providing our customers with the enhanced technical expertise and efficient product delivery they have come to expect and trust. Most importantly, Hawkins shares our unwavering commitment to offering outstanding customer service, a principle we have upheld for over 30 years and look forward to continuing for 30 more.”

Mr. Hawkins concluded, “On behalf of the entire Hawkins organization, I welcome the Intercoastal Trading team to the Hawkins family and look forward to the continued growth together in the future.”

For more info see press release: HAWKINS, INC. EXPANDS WATER TREATMENT FOOTPRINT WITH ACQUISITION OF INTERCOASTAL TRADING, INC. IN MARYLAND

Hawkins, Inc. (Nasdaq: HWKN), a leading specialty chemical and ingredients company, has completed the acquisition of Industrial Research Corporation. Industrial Research distributes water treatment chemicals and equipment for its customers in central to northern Louisiana, eastern Texas and southern Arkansas.

“As we continue to execute on our strategy to grow our water treatment business, we believe this tuck-in acquisition fills a geographical void in northern Louisiana and east Texas and will allow us to accelerate our growth in the surrounding regions. Industrial Research has built a strong business that is well-connected with the local community and we intend to maintain those connections. I would like to welcome the Industrial Research team to the Hawkins organization and look forward to our continued growth together,” said Hawkins Chief Executive Officer Patrick H. Hawkins.

Hawkins, Inc. (Nasdaq: HWKN) a leading specialty chemical and ingredients company, announced today that it has completed the acquisition of Water Solutions Unlimited, Inc. (“Water Solutions”) and has entered into a definitive agreement to acquire the assets of The Miami Products & Chemical Company (“Miami Products”). Water Solutions mainly serves municipal customers in Indiana, Michigan, Illinois and Kentucky, and Miami Products manufactures bleach and serves the commercial pool business under the brand name Sanygen® and sells to municipal customers in Ohio and the surrounding region. The acquisition of Miami Products is expected to close within the coming weeks.

“These acquisitions continue to grow our Water Treatment footprint and provide an expanded product offering to our customers,” said President and Chief Executive Officer, Patrick H. Hawkins. “Hawkins’ annual proforma combined revenue is now expected be approximately $1 billion and the number of our Water Treatment locations we operate out of has increased from 40 to 46. Water Solutions and Miami Products are considered premier providers in the states they serve and, a lot like Hawkins, create value for their customers through superb customer service and support, quality products and customized applications. In addition, the bleach manufacturing capabilities that Miami Products brings to us in Southwestern Ohio will provide support to current Hawkins Water Treatment sites in that region.”

Mr. Hawkins continued, “The acquisitions of Water Solutions and Miami Products will add over 90 employees to the Hawkins family and is expected to add $10 million in earnings before interest, taxes, depreciation and amortization within three years. While we expect to release the quarter’s full results on November 1, as of the end of our second quarter, our outstanding debt was $60 million and we expect that even after these acquisitions our balance sheet will remain strong with our leverage ratio at approximately 1x.”

“On behalf of the entire Hawkins organization, I welcome the teams of Water Solutions and Miami Products to the Hawkins family and look forward to continued success together in the future,” Mr. Hawkins concluded.

Press Release

Hawkins, Inc. (Nasdaq: HWKN), a leading specialty chemical and ingredients company, has added its 40th Water Treatment location by completing the acquisition of EcoTech Enterprises, Inc. (“EcoTech”). EcoTech manufactures, blends, packages and distributes water treatment chemicals for its customers throughout Arkansas and surrounding states.

“As we continue to execute on our strategy to grow our water treatment business, we believe this tuck-in acquisition will allow us to accelerate our growth in Arkansas and the surrounding region. Ecotech has built a strong business that is well-connected with the local community and we intend to maintain those connections. I would like to welcome the EcoTech team to the Hawkins organization and look forward to our continued growth together,” said Hawkins Chief Executive Officer Patrick H. Hawkins.

Press Release