Hawkins, Inc. Expands Water Treatment Footprint into Alabama

Rhea-AI Summary

Hawkins, Inc. (Nasdaq: HWKN) has successfully acquired Southeast Water Systems, LLC, enhancing its footprint in Alabama, southern Georgia, and the Florida panhandle. This acquisition aligns with Hawkins' strategy to expand its Water Treatment Group through growth and acquisitions. The integration of Southeast Water Systems is expected to strengthen offerings in equipment and chemical supplies, with existing staff remaining in place for continuity. In fiscal 2021, Hawkins generated $597 million in revenue, underscoring its position as a leader in specialty chemicals.

Positive

• Acquisition of Southeast Water Systems expands geographic reach and customer base in Alabama.
• Aligns with growth strategy for the Water Treatment Group through acquisitions.
• Existing employees and former owner remain, ensuring operational continuity.

Negative

• None.

ROSEVILLE, Minn., Sept. 20, 2021 (GLOBE NEWSWIRE) -- Hawkins, Inc. (Nasdaq: HWKN), a leading specialty chemical and ingredients company, has completed the acquisition of Southeast Water Systems, LLC, that serves customers in Alabama, southern Georgia, and the Florida panhandle.

Southeast Water Systems supplies and installs water treatment equipment to meet customer needs. “We are pleased to announce this acquisition as further evidence of our commitment to grow our Water Treatment Group, both organically and through acquisitions. I would like to welcome Southeast Water Systems to the Hawkins organization and look forward to continued growth within Alabama,” said Hawkins Chief Executive Officer Patrick H. Hawkins. “With the completion of this acquisition, we will be able to serve businesses throughout the state of Alabama to meet both their equipment and chemical needs”.

The employees and former owner are expected to continue with the business, and this acquisition will expand Hawkins’ territory with equipment manufacturers that it currently represents.

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 45 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 recent acquisition did Hawkins, Inc. make?

Hawkins, Inc. recently acquired Southeast Water Systems, LLC.

How will the acquisition of Southeast Water Systems benefit Hawkins, Inc.?

The acquisition will expand Hawkins' territory and enhance its offerings in equipment and chemical supplies.

What was Hawkins, Inc.'s revenue in fiscal 2021?

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

In which regions does Southeast Water Systems operate?

Southeast Water Systems serves customers in Alabama, southern Georgia, and the Florida panhandle.