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June 3, 2024, ROSEVILLE, Minn.’ Hawkins, Inc. (Nasdaq: HWKN), a frontrunner in the specialty chemical and ingredients sector, has marked another milestone in its ambitious growth trajectory with the acquisition of the assets of Intercoastal Trading, Inc. and its affiliated companies. This strategic buyout expands Hawkins’ water treatment footprint across key markets in Maryland, Delaware, and Virginia.
Intercoastal Trading has earned a strong reputation for distributing high-quality water treatment chemicals and equipment, serving a diverse clientele across the mid-Atlantic region. By integrating Intercoastal’s assets into its portfolio, Hawkins not only enhances its geographical reach but also fortifies its position in the water treatment industry, a critical sector amid growing concerns over water quality and infrastructure.
We are thrilled to welcome Intercoastal Trading into the Hawkins family, said Patrick H. Hawkins, Chief Executive Officer of Hawkins, Inc. This acquisition aligns with our strategic s of expanding our market presence and delivering comprehensive solutions to our customers. It underscores our commitment to growth and excellence in water treatment.
This announcement comes in the wake of other significant developments for Hawkins. The company confirmed its attendance at the 2024 Wells Fargo Industrials Conference, slated for June 11, 2024. Participating in this prominent event affords Hawkins the opportunity to showcase its recent achievements and future plans to a broad audience of investors, industry leaders, and stakeholders.
Moreover, investors and analysts are keenly awaiting Hawkins’ financial results for the fourth quarter and full fiscal year ending March 31, 2024. The company is set to release its earnings on May 15, 2024, at approximately 4:10 p.m. Eastern Time. This impending financial disclosure is expected to offer deeper insights into the company’s performance and strategic direction following a year marked by significant expansions, including today’s notable acquisition.
As Hawkins continues to navigate the complexities of its industry, its proactive approach to growth through strategic acquisitions and robust market engagement indicate a promising trajectory.
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