Hawkins Buys EcoTech Enterprises, Boosts Water Treatment Business
Portfolio Pulse from Lekha Gupta
Hawkins Inc (NASDAQ:HWKN) has acquired EcoTech Enterprises, Inc., a manufacturer of water treatment chemicals. The acquisition, for an undisclosed amount, expands Hawkins' presence in the water treatment business and adds its 40th location. As of April 2, 2023, Hawkins held cash and cash equivalent of $7.5 million and net debt of $104 million. HWKN shares are trading higher by 1.88% at $47.19.
July 14, 2023 | 2:38 pm
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POSITIVE IMPACT
Hawkins' acquisition of EcoTech Enterprises expands its water treatment business and could potentially boost its revenues. The company's shares are currently trading higher.
The acquisition of EcoTech Enterprises, a manufacturer of water treatment chemicals, expands Hawkins' business and adds a new location. This could potentially increase the company's revenues and profitability, which is likely why the company's shares are trading higher.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100