News Article 2014

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September 30 2014, David R Brown

Hawkins to acquire Florida-based distributor of water-treatment chemicals, Dumont Company

Hawkins, Inc. (Nasdaq: HWKN) today announced that it has entered into a definitive agreement to acquire substantially all the assets of The Dumont Company, Inc., a water treatment chemical distribution company with seven facilities across the State of Florida.

This acquisition significantly expands our Water Treatment Group's geographic footprint

Patrick H. Hawkins
CEO, Hawkins Inc

“We are very pleased to announce this strategic acquisition for our Water Treatment Group and welcome Dumont into the Hawkins organization,” said Hawkins Chief Executive Officer, Patrick H. Hawkins. “Dumont shares our core values, and, like us, is particularly focused on offering the highest level of service and value to its customers. This acquisition significantly expands our Water Treatment Group's geographic footprint to now cover the state of Florida and is part of our continued efforts to grow our Water Treatment Group's business. We are delighted to be able to work with Dumont's outstanding employees to grow the business as we bring Hawkins' broader product offering to Dumont's current customers.”

Ron Cartwright, President of Dumont, added, “My wife, Julie, and I have operated this family business for over 20 years and we are very pleased to be able to join the Hawkins team. We think this combination is a great cultural fit and will provide tremendous opportunities for our customers and employees.”

Dumont had revenues of approximately $14 million in 2013. The acquired assets will become part of the company's Water Treatment segment. The transaction is subject to customary closing conditions and is expected to close in the coming weeks.

About Hawkins
Hawkins, Inc. distributes, blends, dilutes and manufactures bulk and specialty chemicals for its customers in a wide variety of industries. Headquartered in Roseville, Minnesota, and with 29 facilities in 14 states, the Company creates value for its customers through superb customer service and support, quality products and personalized applications.

About Dumont
The Dumont Company, Inc. has been serving the chemical needs of Florida customers since 1955. From its roots in Southwest Florida, the company now serves all of the state from its facilities in Starke, Labelle, Tarrytown, Hollywood, Big Pine Key, Monticello and Apopka, Florida. Its primary chemical markets include municipal water and wastewater treatment, private utilities, commercial swimming pools, irrigation water treatment and food processing.

Source(s): Hawkins Press Release

Further Information

Visit: http://www.hawkinsinc.com