Hillman Expands Cleaning Product Line With Intex DIY Buyout [Yahoo! Finance]
Hillman Solutions Corp. (HLMN)
Company Research
Source: Yahoo! Finance
This marks the company's second acquisition in 2024 and supports its long-term growth strategy focused on expanding in adjacent markets. The move strengthens Hillman's position in the cleaning products category. HLMN currently offers a wide range of gloves to customers across North America. Intex, with its extensive range of cleaning products, will complement Hillman's existing portfolio. This acquisition will allow HLMN to leverage its distribution network to introduce and service this new product line. The acquisition expands its Protective Solutions (PS) business, which includes well-known work glove brands such as Firm Grip, Gorilla Grip, Grease Monkey, AWP and Digz. HLMN recently partnered with Kontoor Brands to introduce work gloves under the Wrangler brand, set to launch in 2025. Intex DIY, known for its patented and innovative cleaning products, is expected to contribute approximately $55 million in annual revenues in 2024. This addition is anticipated to enhance Hillman
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HLMN
News
- Hillman Acquires Intex DIY, Expands Position in Cleaning Products Category [Yahoo! Finance]Yahoo! Finance
- Hillman Acquires Intex DIY, Expands Position in Cleaning Products CategoryGlobeNewswire
- Shareholders Will Be Pleased With The Quality of Hillman Solutions' (NASDAQ:HLMN) Earnings [Yahoo! Finance]Yahoo! Finance
- Hillman Solutions Corp (NASDAQ: HLMN) had its price target raised by analysts at Barclays PLC from $9.00 to $10.00. They now have an "equal weight" rating on the stock.MarketBeat
- Hillman Solutions Corp. (HLMN) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
HLMN
Earnings
- 8/6/24 - Beat
HLMN
Sec Filings
- 9/26/24 - Form 144
- 9/25/24 - Form 144
- 9/24/24 - Form 144
- HLMN's page on the SEC website