Hawkins, Inc. acquires StillWaters Technology to expand customer base and enhance water treatment services in Alabama.
Quiver AI Summary
Hawkins, Inc., a prominent water treatment and specialty ingredients company, has successfully acquired StillWaters Technology, Inc., a distributor of water treatment chemicals and equipment in Alabama. This acquisition aims to enhance Hawkins' presence in the southern U.S. and expand its customer base in Alabama. CEO Patrick H. Hawkins emphasized the importance of maintaining StillWaters' strong community connections while integrating their team into Hawkins. Founded in 1938 and headquartered in Roseville, Minnesota, Hawkins operates 64 facilities across 28 states, generating $974 million in revenue for fiscal 2025 with a workforce of approximately 1,100 employees.
Potential Positives
- Hawkins, Inc. has expanded its market presence in the southern U.S. with the acquisition of StillWaters Technology, enhancing its customer base in Alabama.
- This acquisition aligns with Hawkins' strategic goal to grow its water treatment business, indicating a focused approach to expansion and increased revenue potential.
- StillWaters Technology's strong local connections will likely facilitate improved customer relationships and community engagement in the new market.
Potential Negatives
- Acquiring StillWaters Technology may strain Hawkins, Inc.'s resources if integration challenges arise, potentially impacting operational efficiency.
- The acquisition focuses exclusively on expanding into Alabama, which may limit strategic growth opportunities in other regions.
- The press release does not provide details on the financial impact of the acquisition, creating uncertainty around its potential return on investment.
FAQ
What did Hawkins, Inc. announce on August 29, 2025?
Hawkins, Inc. announced the acquisition of StillWaters Technology, Inc., enhancing their presence in the southern U.S.
How does the acquisition support Hawkins' growth strategy?
The acquisition expands Hawkins' customer base in Alabama, aligning with their strategy to grow in the water treatment business.
What is the background of Hawkins, Inc.?
Founded in 1938, Hawkins, Inc. is a leading provider of water treatment and specialty ingredients, headquartered in Roseville, Minnesota.
How will Hawkins integrate StillWaters Technology?
Hawkins plans to maintain StillWaters' local community connections while integrating their operations into the larger organization.
Who is the CEO of Hawkins, Inc.?
The CEO of Hawkins, Inc. is Patrick H. Hawkins, who expressed enthusiasm for the acquisition and future growth.
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 142 institutional investors add shares of $HWKN stock to their portfolio, and 151 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WESTWOOD HOLDINGS GROUP INC removed 214,411 shares (-35.8%) from their portfolio in Q2 2025, for an estimated $30,467,803
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$HWKN Analyst Ratings
Wall Street analysts have issued reports on $HWKN in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- BWS Financial issued a "Buy" rating on 08/01/2025
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Full Release
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 $974 million of revenue in fiscal 2025 and has approximately 1,100 employees. For more information, including registering to receive email alerts, please visit www.hawkinsinc.com/investors .
Contact: Jeffrey P. Oldenkamp
Executive Vice President and Chief Financial Officer
612/331-6910
[email protected]
