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HAWKINS ANNOUNCES IT HAS EXTENDED ITS WATER TREATMENT FOOTPRINT WITH ACQUISITIONS IN LOUISIANA

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Rhea-AI Summary

Hawkins, Inc. (Nasdaq: HWKN) announced the acquisition of assets from C & L Aqua Professionals, Inc. and LC Blending, Inc. to enhance its Water Treatment Group's reach into Louisiana. This strategic move aims to bolster geographic presence and leverage Hawkins' broader product offerings for existing customers. CEO Patrick H. Hawkins expressed excitement about the cultural fit and service focus of the acquired companies. Steve Belshe, the President of C & L Aqua, will remain involved, indicating continuity in operations and customer relations.

Positive
  • Expansion of Hawkins' Water Treatment Group into Louisiana enhances market presence.
  • Acquisition aligns with Hawkins' strategic goal to grow its business.
  • C & L Aqua's strong service ethos aligns with Hawkins' core values.
Negative
  • None.

MINNEAPOLIS, Jan. 04, 2021 (GLOBE NEWSWIRE) --  Hawkins, Inc. (Nasdaq: HWKN) today announced that it has extended the footprint of its Water Treatment Group into Louisiana.  Hawkins has acquired substantially all of the assets of C & L Aqua Professionals, Inc. and LC Blending, Inc. (together, “C&L Aqua”), two related companies that worked together to service customers throughout the State of Louisiana. 

“We are very pleased to announce these strategic acquisitions for our Water Treatment Group and welcome C&L Aqua and LC Blending into the Hawkins organization,” said Hawkins Chief Executive Officer, Patrick H. Hawkins. “These companies share our core values, and, like us, are particularly focused on offering the highest level of service and value to their customers.  These acquisitions significantly expand our Water Treatment Group’s geographic footprint to now cover the state of Louisiana and are part of our continued efforts to grow our Water Treatment Group’s business.  We are delighted to be able to work with C&L Aqua’s outstanding employees to grow the business as we bring Hawkins’ broader product offering to C&L Aqua’s current customers.” 

Steve Belshe, President of C&L Aqua and LC Blending, added, “I have operated this business for over 20 years and we are very pleased to be able to join the Hawkins team.  We think this combination is a great cultural fit and will provide tremendous opportunities for our customers and employees.”  Mr. Belshe is expected to continue to be involved with the business going forward.

About Hawkins, Inc.

Hawkins, Inc. distributes, blends and manufactures chemicals and other specialty ingredients for its customers in a wide variety of industries. Headquartered in Roseville, Minnesota, and with 46 facilities in 21 states, the Company creates value for its customers through superb customer service and support, quality products and personalized applications.


FAQ

What acquisition did Hawkins, Inc. announce on January 4, 2021?

Hawkins, Inc. announced the acquisition of assets from C & L Aqua Professionals, Inc. and LC Blending, Inc.

How will the acquisition of C & L Aqua affect Hawkins' operations?

The acquisition will expand Hawkins' Water Treatment Group's geographic footprint into Louisiana and allow for broader product offerings.

Who will remain involved with the business after the acquisition?

Steve Belshe, President of C & L Aqua and LC Blending, is expected to continue his involvement.

Why is the acquisition of C & L Aqua significant for Hawkins?

It supports Hawkins' strategic growth initiatives and enhances customer service capabilities in Louisiana.

Hawkins Inc

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Specialty Chemicals
Wholesale-chemicals & Allied Products
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United States of America
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