Hawkins Inc expands with Amerochem asset acquisition

ROSEVILLE, Minn. - Hawkins , Inc. (NASDAQ:HWKN), a prominent player in the water treatment and specialty ingredients sector with a market capitalization of $2.24 billion, has announced the completion of its acquisition of Amerochem Corporation’s assets. The acquisition marks Hawkins’ second venture in North Carolina and its 50th water treatment location in the United States.

Amerochem, known for distributing water treatment chemicals and equipment, has been serving customers primarily in North Carolina. Patrick H. Hawkins, CEO of Hawkins, expressed his contentment with the acquisition, highlighting Amerochem’s longstanding business success and strong customer, supplier, and employee relationships.

Woodrow "Woody" Wright, President and Owner of Amerochem, shared that selling the business was a difficult decision, but Hawkins was the trusted choice to continue the legacy. Wright commended Hawkins for sharing similar values, particularly in treating people well and doing what is right.

The acquisition is seen as a strategic move for Hawkins, intending to maintain and grow the established connections that Amerochem has fostered over its 30-year history. The integration of Amerochem into Hawkins is anticipated to contribute to the future growth of both entities.

Hawkins, Inc., founded in 1938 and headquartered in Roseville, Minnesota, operates 62 facilities across 28 states. The company prides itself on providing exceptional customer service and support, high-quality products, and personalized applications. With revenue reaching $952.13 million in the last twelve months and around 1,000 employees, Hawkins continues to solidify its market position through strategic expansions such as the Amerochem acquisition. According to InvestingPro data, the company maintains strong financial health with a current ratio of 2.5 and has achieved an impressive 76% return over the past year.For investors seeking deeper insights, InvestingPro reveals 12 additional investment tips, including the company’s 13-year streak of consecutive dividend increases and strong cash flow metrics.

This development is based on a press release statement from Hawkins, Inc. and does not include external commentary or speculations. The acquisition is expected to enhance Hawkins’ operational footprint and reinforce its commitment to growth within the water treatment industry. While the stock currently trades above its Fair Value according to InvestingPro analysis, the company’s strong financial metrics and consistent growth strategy suggest continued momentum in its core markets.

In other recent news, Hawkins Inc, a wholesale distributor of chemicals and allied products, has made key changes to its auditing team. The company has announced the appointment of Deloitte & Touche LLP as their new auditor for the fiscal year ending March 29, 2026, following the dismissal of their previous auditor, Grant Thornton LLP. This change is a result of a competitive process conducted by the Audit Committee of Hawkins Inc’s Board of Directors.

This decision, made on January 29, 2025, does not affect the ongoing engagement of Grant Thornton, which will continue through the end of the current fiscal year. According to the company’s SEC filings, there were no disagreements or reportable events between Hawkins Inc and Grant Thornton that would have impacted their reports on the company’s financial statements.

Despite the auditor change, Hawkins Inc maintains strong financial stability with a "GREAT" financial health score, supported by robust cash flows and strong profitability. The company boasts a current ratio of 2.5 and moderate debt levels, signaling financial stability heading into this transition. These recent developments are part of the company’s regular review of its accounting needs and strategic decisions for the upcoming fiscal year.

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