HWKN - Hawkins Acquires Intercoastal Trading in Maryland | Benzinga
Hawkins, Inc. (NASDAQ: HWKN) has completed the acquisition of the assets of Intercoastal Trading, Inc. and its affiliates. Intercoastal Trading supplies water treatment chemicals and equipment to customers in Maryland, Delaware and Virginia.
Hawkins continues to expand its water treatment business. Intercoastal Trading will speed its expansion in the heavily populated East Coast with its location within 200 miles of major population centers.
Hawkins anticipates that the purchase of Intercostal Trading will be accretive to earnings per share this fiscal year. Further, it is expected that even after the acquisition, the company's first-quarter balance sheet will remain strong, with an expected leverage ratio of about 1x EBITDA at quarter end. In addition, all four acquisitions completed during fiscal 2024 meet or exceed Hawkins' business expectations, and the integrations are on pace.
Intercoastal's workers will be able to continue offering the expanded technical expertise and efficient product delivery that customers have ...