Hawkins, Inc. acquires Amerochem Corporation, expanding its water treatment operations and customer relations in North Carolina.
Quiver AI Summary
Hawkins, Inc., a water treatment and specialty ingredients company, announced the acquisition of Amerochem Corporation, a distributor of water treatment chemicals and equipment based in North Carolina. This acquisition marks Hawkins' second in North Carolina and its 50th water treatment location nationwide. CEO Patrick H. Hawkins expressed excitement about integrating Amerochem's longstanding relationships with customers and suppliers, emphasizing the shared values between the two companies. Amerochem's President, Woody Wright, stated that he trusted Hawkins to uphold the legacy of the business he built over 30 years. Hawkins, founded in 1938, operates 62 facilities across 28 states and reported revenues of $919 million in fiscal 2024.
Potential Positives
- Hawkins, Inc. successfully completed the acquisition of Amerochem Corporation, expanding its footprint in the water treatment sector.
- This acquisition marks Hawkins' 50th Water Treatment location across the U.S., showcasing significant growth and market presence.
- The acquisition strengthens Hawkins' relationships with customers, suppliers, and employees, as expressed by both companies' leadership, indicating a commitment to continuity and trust.
Potential Negatives
- The announcement focuses heavily on the acquisition, which may lead investors to question the company's growth strategy rather than highlighting organic growth or improvements in operational efficiency.
- There is a lack of detailed information about how the acquisition will affect Hawkins' financial performance, leading to uncertainty among stakeholders regarding potential risks or drawbacks associated with the deal.
- The press release does not address any integration risks or how Hawkins plans to manage the transition of Amerochem's operations, which could be a significant concern for investors and employees alike.
FAQ
What is the latest acquisition by Hawkins, Inc.?
Hawkins, Inc. has acquired the assets of Amerochem Corporation, enhancing its presence in water treatment services.
Where is Amerochem primarily located?
Amerochem primarily distributes water treatment chemicals and equipment throughout North Carolina.
How does the acquisition impact Hawkins' operations?
The acquisition adds a 50th water treatment location in the U.S., reinforcing Hawkins' growth strategy.
What is Hawkins’ commitment to Amerochem’s legacy?
Hawkins aims to maintain and expand Amerochem's customer, supplier, and employee relationships after the acquisition.
When was Hawkins, Inc. founded?
Hawkins, Inc. was founded in 1938 and has grown to become a leader in water treatment and specialty ingredients.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$HWKN Hedge Fund Activity
We have seen 126 institutional investors add shares of $HWKN stock to their portfolio, and 122 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 229,483 shares (-82.1%) from their portfolio in Q3 2024, for an estimated $29,252,198
- VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. added 211,472 shares (+487.7%) to their portfolio in Q4 2024, for an estimated $25,941,270
- FULLER & THALER ASSET MANAGEMENT, INC. added 165,343 shares (+111.0%) to their portfolio in Q3 2024, for an estimated $21,076,272
- GOLDMAN SACHS GROUP INC added 117,117 shares (+310.4%) to their portfolio in Q3 2024, for an estimated $14,928,903
- FIRST TRUST ADVISORS LP removed 104,783 shares (-30.7%) from their portfolio in Q3 2024, for an estimated $13,356,689
- DIMENSIONAL FUND ADVISORS LP removed 91,247 shares (-9.7%) from their portfolio in Q3 2024, for an estimated $11,631,255
- KENNEDY CAPITAL MANAGEMENT LLC removed 89,288 shares (-59.2%) from their portfolio in Q3 2024, for an estimated $11,381,541
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
ROSEVILLE, Minn., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Hawkins, Inc. (Nasdaq: HWKN), a leading water treatment and specialty ingredients company, has completed the acquisition of the assets of Amerochem Corporation. Amerochem distributes water treatment chemicals and equipment for its customers primarily throughout North Carolina.
“The Amerochem acquisition represents our second acquisition in North Carolina and our 50 th Water Treatment location across the U.S. We have known Amerochem for decades and are glad to have them as a part of Hawkins,” said Hawkins Chief Executive Officer Patrick H. Hawkins. “Amerochem has built an incredible business over the past 30 plus years and has great relationships with its customers, suppliers and employees. We intend to maintain and expand those connections and look forward to a bright future together.”
Woodrow “Woody” Wright, President and Owner of Amerochem said, “This was a very tough decision to sell the business, but there was only one company I trusted to continue the legacy that my employees, customers, and suppliers have built over the decades, and that was Hawkins. Hawkins shares all the same values as Amerochem and believes in treating people the way you want to be treated and doing what is right. I want to thank everyone for the relationships and the trust over the years and I look forward to the future growth of Amerochem as part of Hawkins.”
Mr. Hawkins concluded, “On behalf of the entire Hawkins organization, I welcome the Amerochem 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 water treatment and specialty 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 62 facilities in 28 states and creates value for its customers through superb customer service and support, quality products and personalized applications. Hawkins, Inc. generated $919 million of revenue in fiscal 2024 and has approximately 1,000 employees. For more information, including registering to receive email alerts, please visit www.hawkinsinc.com/investors .