Hawkins, Inc. Acquires Water and Waste Specialties, Inc., and Expands into Mobile, Alabama

Rhea-AI Summary

Hawkins, Inc. (HWKN) has acquired Water and Waste Specialties, Inc., a distributor of water treatment chemicals in Alabama. This strategic acquisition aims to enhance Hawkins' growth in Alabama and surrounding regions, alongside a recent acquisition of Southeast Water Systems. The company generated $597 million in revenue for fiscal 2021 and operates 46 facilities across 23 states. CEO Patrick H. Hawkins expressed optimism about expanding services in the region.

Positive

• Acquisition of Water and Waste Specialties enhances market position in Alabama.
• Expected accelerated growth in the region following this acquisition.
• Expansion complements the recent acquisition of Southeast Water Systems.

Negative

• None.

ROSEVILLE, Minn., Nov. 01, 2021 (GLOBE NEWSWIRE) -- Hawkins, Inc. (Nasdaq: HWKN), a leading specialty chemical and ingredients company, has completed the acquisition of Water and Waste Specialties, Inc. that serves customers throughout Alabama.

Water and Waste Specialties distributes water treatment chemicals to meet their customers’ needs to keep water safe for consumption and the environment. “We believe this acquisition, combined with our recent acquisition of Southeast Water Systems, will allow us to grow in Alabama and the surrounding region at a faster rate. I would like to welcome the Water and Waste Specialties team to the Hawkins organization and look forward to continued growth within Alabama,” said Hawkins Chief Executive Officer Patrick H. Hawkins.

About Hawkins, Inc.

Hawkins, Inc. was founded in 1938 and is a leading specialty chemical and ingredients company that formulates, distributes, blends, and manufactures products for its Industrial, Water Treatment, and Health & Nutrition customers. Headquartered in Roseville, Minnesota, and with 46 facilities in 23 states, the Company creates value for its customers through superb customer service and support, quality products and personalized applications. Hawkins, Inc. generated $597 million of revenue in fiscal 2021 and has approximately 750 employees. For more information, including registering to receive email alerts, please visit www.hawkinsinc.com/investors.

FAQ

What is the significance of Hawkins, Inc.'s acquisition of Water and Waste Specialties?

The acquisition strengthens Hawkins' market presence in Alabama and supports faster regional growth.

How much revenue did Hawkins, Inc. generate in fiscal 2021?

Hawkins, Inc. generated $597 million in revenue for fiscal 2021.

What business does Water and Waste Specialties engage in?

Water and Waste Specialties distributes water treatment chemicals to ensure safe water consumption and environmental safety.

Who is the CEO of Hawkins, Inc.?

The CEO of Hawkins, Inc. is Patrick H. Hawkins.