Hawkins, Inc. Continues to Expand Water Treatment Footprint, Adds New Location in Delmar, Delaware

Rhea-AI Summary

Hawkins, Inc. (Nasdaq: HWKN) has announced the expansion of its Water Treatment Group into Delaware, bringing the total to 39 facilities across 23 states. This strategic extension follows aggressive growth initiatives, including acquisitions and new locations, resulting in a 34% revenue increase for the water treatment group in fiscal 2022. The company also achieved a 15% compounded annual growth rate over the past three years. CEO Patrick H. Hawkins emphasized plans for continued profitable growth through both organic methods and further acquisitions.

Positive

• 34% revenue growth in the Water Treatment Group for fiscal 2022.
• 15% compounded annual growth rate over the last three years.
• Expansion into Delaware, increasing footprint to 39 facilities in 23 states.

Negative

• None.

ROSEVILLE, Minn., Oct. 10, 2022 (GLOBE NEWSWIRE) -- Hawkins, Inc. (Nasdaq: HWKN), a leading specialty chemical and ingredients company, today announced that is has extended the footprint of its Water Treatment Group into Delaware. With this new location, Hawkins now has 39 Water Treatment facilities in 23 states.

“We have aggressively grown the footprint of our water treatment group over the last three years with multiple acquisitions and new greenfield locations,” said Patrick H. Hawkins, Chief Executive Officer and President. “The organic and expansion growth contributed to top-line water treatment group revenue growth of 34% in fiscal 2022 and a 15% compounded annual growth rate over the last three years. We expect to continue to expand this business profitably in future years through organic growth as well as acquisitions.”

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, the Company has 51 facilities in 25 states and creates value for its customers through superb customer service and support, quality products and personalized applications. Hawkins, Inc. generated $775 million of revenue in fiscal 2022 and has approximately 800 employees. For more information, including registering to receive email alerts, please visit www.hawkinsinc.com/investors.

        

FAQ

What is the recent expansion news for Hawkins, Inc. (HWKN)?

Hawkins, Inc. has expanded its Water Treatment Group into Delaware, increasing its network to 39 facilities across 23 states.

How much revenue growth did Hawkins, Inc. achieve in fiscal 2022 for its water treatment division?

Hawkins, Inc. reported a 34% revenue growth in its Water Treatment Group for fiscal 2022.

What is the compounded annual growth rate for Hawkins, Inc.'s Water Treatment Group over the last three years?

The Water Treatment Group of Hawkins, Inc. has achieved a 15% compounded annual growth rate over the past three years.