Hawkins (HWKN) Acquires PhillTech
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Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.6%
Revenue Growth %: +7.8%
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Hawkins, Inc. (Nasdaq: HWKN), a leading water treatment and specialty ingredients company, has completed the acquisition of PhillTech, LLC. PhillTech, located in Alabama, manufactures and distributes coagulants and corrosion control products for its water treatment customers.
“As we continue to execute on our strategy to grow our water treatment business, we believe this tuck-in acquisition will help solidify and grow our production of coagulants and corrosion control products and further improve our position in this market. We have known PhillTech for many years and have built a solid working relationship with their team, having been a strategic partner for us in this space. I would like to welcome the PhillTech team to the Hawkins organization and look forward to our continued growth together,” said Hawkins Chief Executive Officer Patrick H. Hawkins.
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