Hawkins Expands Water Treatment Footprint With Acquisition Of Industrial Research Corporation; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Hawkins, Inc. (NASDAQ:HWKN) has acquired Industrial Research Corporation, a distributor of water treatment chemicals and equipment in Louisiana, Texas, and Arkansas. This acquisition aims to fill a geographical void in Hawkins' water treatment business and accelerate growth in the region. Financial terms of the deal were not disclosed.
March 11, 2024 | 1:09 pm
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Hawkins, Inc. acquires Industrial Research Corporation to expand its water treatment business in Louisiana, Texas, and Arkansas, aiming for regional growth.
The acquisition of Industrial Research Corporation by Hawkins, Inc. is likely to have a positive short-term impact on HWKN's stock price. This strategic move not only expands Hawkins' geographical footprint in the water treatment sector but also fills a significant void in its service area, potentially accelerating growth in the southern regions of the US. The positive outlook is based on the expansion of business operations and potential for increased market share in the water treatment industry.
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