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Hillman Companies has acquired OZCO Building Products, a leading manufacturer of outdoor hardware, for approximately $18 million. This acquisition will enhance Hillman’s market presence in the hardware and home improvement sector, expanding its product offerings and distribution channels. OZCO, known for its 23 U.S. patents and innovative solutions, generated annual net revenue of about $18 million. Doug Cahill, CEO of Hillman, emphasizes this transaction will drive growth and profitability by leveraging OZCO’s innovative product line and established customer relationships.
The Hillman Companies announced a cash distribution of $0.241667 per Trust Preferred Security (HLM_P) for April 2021. This announcement was made by Doug Cahill, President and CEO, noting that the distribution is payable on April 30, 2021, to holders of record as of April 23, 2021. Hillman, a leading hardware solutions provider since 1964, services over 40,000 locations across North America, emphasizing customer service and innovative product solutions.
On March 22, 2021, HMAN Group Holdings Inc. announced that Hillman management would attend Jefferies’ Virtual Business Services Summit on March 25, 2021. Earlier, on January 25, 2021, a merger agreement was made between Hillman and Landcadia Holdings III, Inc., which will see Hillman publicly listed as Hillman Solutions Corp. on Nasdaq under the ticker symbol HLMN. This transaction is expected to close in Q2 2021. Founded in 1964, Hillman offers innovative hardware solutions and has a strong presence in the North American market.
The Hillman Companies announced a cash distribution of $0.241667 for each Trust Preferred Security (NYSE-Amex: HLM_P) payable on March 31, 2021. This distribution will benefit holders recorded by March 23, 2021. Founded in 1964, Hillman provides hardware solutions across North America, serving over 40,000 locations with innovative product designs and exceptional customer service.
The Hillman Companies completed syndication of $1,185 million in new term loans for refinancing ahead of its merger with Landcadia Holdings III Inc. This includes a $250 million asset-based revolving credit facility. The term loans, oversubscribed by four times, will consist of a $835-$985 million Term Loan and a $200 million Delayed-Draw Term Loan, with favorable interest rates. The merger, expected to close in Q2 2021, will rebrand the combined entity as Hillman Solutions Corp. and list on Nasdaq under the ticker HLMN.
The Hillman Companies, Inc. reported robust fourth quarter and full year 2020 results, marked by a 14.8% increase in quarterly net sales to $327.1 million. Adjusted EBITDA rose 22.7% to $43.1 million, while net losses narrowed to $14.0 million. Full year net sales climbed 12.7% to $1,368.3 million, and adjusted EBITDA increased 23.8% to $221.2 million, with net losses reduced to $24.5 million. The company successfully completed a $1.185 billion debt syndication related to its planned merger with Landcadia III, aimed at simplifying capital structure and reducing interest costs.
The HMAN Group Holdings Inc. and Landcadia Holdings III announced a merger agreement on January 25, 2021, to make Hillman a publicly listed entity. The merger aims to finalize in Q2 2021, resulting in Hillman Solutions Corp., trading under the new ticker symbol “HLMN” on Nasdaq. Hillman, established in 1964, provides innovative hardware solutions to over 42,000 customers in North America. Additionally, Hillman management is set to attend Raymond James’ 42nd Annual Institutional Investors Conference on March 2, 2021.
The Hillman Companies has declared a cash distribution of $0.241667 per Trust Preferred Security (HLM_P) for February 2021. This distribution will be payable on March 1, 2021 to holders of record as of February 19, 2021. Hillman, founded in 1964 and based in Cincinnati, Ohio, provides hardware solutions to over 42,000 customers, emphasizing customer service and innovative merchandising. For more information, visit Hillman's website.
Hillman Group and Landcadia III have announced a definitive merger agreement that will see Hillman become publicly listed under the new ticker symbol HLMN. The transaction values Hillman at an enterprise value of approximately $2.64 billion. CCMP Capital will remain the largest shareholder as it has a history of creating value. Institutional investors, led by Wells Capital Management, are set to invest $375 million at closing to support growth initiatives. The merger is expected to close in Q2 2021 and will enhance Hillman's capital structure to pursue organic growth and acquisitions.
The Hillman Companies has announced a cash distribution for January amounting to $0.241667 per Trust Preferred Security (HLM_P). This payout is scheduled for February 1, 2021, to holders of record as of January 22, 2021. The company, founded in 1964 and based in Cincinnati, Ohio, is a prominent provider of hardware solutions, serving over 38,000 customers. Hillman emphasizes innovative products and strong customer service across various sectors, including home improvement and industrial markets.
