Hillman Solutions Acquires Intex DIY, A Supplier Of Wiping Cloths, Consumable Rags And Cleaning Textiles; Financial Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Hillman Solutions has acquired Intex DIY, a supplier of cleaning textiles, to expand its Protective Solutions business. The acquisition is expected to contribute approximately $55 million in annual revenue by 2024.
August 26, 2024 | 11:33 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Hillman Solutions has acquired Intex DIY, enhancing its Protective Solutions business. The acquisition is projected to add $55 million in annual revenue by 2024, potentially boosting Hillman's market position and financial performance.
The acquisition of Intex DIY by Hillman Solutions is a strategic move to expand its Protective Solutions business. The expected $55 million in annual revenue by 2024 indicates a significant positive impact on Hillman's financials. This acquisition aligns with Hillman's growth strategy, likely leading to a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90