Type | Public |
---|---|
Nasdaq: HLMN | |
ISIN | US4316361090 |
Industry | hardware |
Predecessors | Sun Distributors, Sunsource |
Founded | 1964 | in Cincinnati, Ohio
Founder | Max W. Hillman |
Headquarters | Forest Park, Ohio , USA |
Area served | Canada, Mexico, USA |
Key people | Douglas J. Cahill (Chairman, President & Chief Executive Officer) |
Website | hillmangroup |
Hillman Solutions is an American hardware manufacturing, distribution and consumer fabrication services company.
Hillman was acquired in 1982 by Sun Distributors, L.P., a Philadelphia-based diversified industrial supply and services company founded in 1975. For many years, Hillman Faster was one of many operating divisions and the only one focused on retail merchandising. The two other divisions of Sun sold maintenance and power fluid products and inventory management services to industrial customers, and glass products and services to construction and retail buyers. [1]
Sun Distributors changed its name to Sunsource Inc. in early 1996. [2] Over the years the company divested of many of its divisions. In 1994 the Dorman automotive repair parts unit was sold to competitor R&B Inc. for $43.3 million. [3] The Harding Glass Company, with $118 million in annual sales, was sold to Mexico's Vitro SA. [4]
Solidifying its focal shift from industrial to retail customers in 1999, Sunsource financed its Axxess key cutting acquisitions (see below) by selling off two fastener units, Kar Products and A&H Bolt and Nut Company, to Glencoe Capital, [5] which sold them on to Barnes Group in 2003. [6] [7]
Sunsource changed its name to The Hillman Companies, Inc. in March 2002 after a majority stake in the company was acquired by Allied Capital Corporation. Two years later, Code Hennessy & Simmons acquired control of Hillman.
The private equity firm Oak Hill Capital Partners bought Hillman for $815 million in 2010 [8] and resold a controlling majority to CCMP Capital Advisors $1.46 billion in 2014. [9]
The company went public on NASDAQ in 2021. The relisting was effected through a merger with a special-purpose acquisition company, Landcadia III, in 2021. [10] [11] [12] The "blank check" company that Hillman merged into was one of a series of Landcadia entities led by Tilman Fertitta. CCMP retained a sizeable stake in Hillman at the time of the SPAC and is gradually selling out of its position. [10]
Hillman's pace of acquisitions accelerated into a private-equity fueled rollup as the company expanded into new segments adjacent to its original building hardware product line through corporate acquisitions.
While the still part of the Sun conglomerate, Hillman acquired the retail division of Curtis Industries of Eastlake, Ohio, in 1995. [13] Curtis manufactured primarily key blanks and key cutting machines, with a focus on car dealerships and "home centers". Curtis made approximately $17 million in retail sales annually. [1]
In 2000, the Sunsource parent acquired Axxess Technologies Inc. The Tempe-based company manufactured key duplication and identification-engraving vending systems. The purchase was expressly linked to the divestiture of the Kar and A&H industrial divisions. [7]
In January 2006 Hillman acquired the metal sheets and shapes business, as well as the brand name, of The SteelWorks Corporation based Denver, Colorado. [14] Other product lines of the Denver, Colorado-based company were rebranded Acme Manufacturing Company. [15]
In December 2007 Hillman acquired All Points Industries, distributor based in Pompano Beach, Florida and focused on hurricane protection fasteners. [16]
Hillman acquired Serv-A-Lite, another distributor of fasteners and related hardware. Serv-A-lite was established in 1979 and based in East Moline, Illinois. The Servalite trademark is now applied to some electric lamp hardware.
Hillman bought a sizeable Canadian rival distributor H. Paulin for $103 million in February 2013 [17] [18]
Hillman acquired several inventions of Flagstaff, Arizona-based George Lynn Hagen. It acquired outright the TagWorks company, which made automated, self-service pet tag engraving machines, in March 2011. [19] Hillman also bought key duplication know-how from KeyWorks-KeyExpress. [20] Hagen had also been at executive in the Axxess company merged into Hillman decades earlier. [21]
Hillman acquired the consumer brand OOK and certain other assets related to picture hanging hardware from the Micasa Trading Corporation. The transaction was announced in December 2011. Micasa was based in Miami, Florida and had annual revenue of $10 million in the preceding year. [22]
In November 2017 Hillman acquired Tyler, Texas-based Hargis Industries, [23] [24] which operates under the umbrella brand ST Fastening Systems and manufactures fasteners and sealing products for principally for metal buildings. ST brands include Deck Plus, MultiVent, Power Pro, Roofjack, SnowTrax, Steelbinder, and Woodbinder.
Hillman acquired the MinuteKey robotic key cutting kiosk manufacturer in 2018, [25] and continues to operate the robotics division separately.
In October 2018 Hillman announced the acquisition of Big Time Products, an Atlanta, Georgia-based manufacturer of gloves and carrying products sold under the brands Firm Grip, AWP, McGuire-Nicholas, Grease Monkey, and Gorilla Grip. [26] [27] [28]
In 2021 Hillman acquired OZCO Building Products, a Garland, Texas based manufacturer of ornamental connectors intended for outdoor pergolas, fences and similar applications. [11] [29]
Sunoco LP is an American master limited partnership organized under Delaware state laws and headquartered in Dallas, Texas. Dating back to 1886, the company has transitioned from a vertically integrated energy company to a distributor of fuels. It was previously engaged in oil, natural gas exploration and production, refining, chemical manufacturing, and retail fuel sales, but divested these businesses. Sunoco is the largest independent distributor of fuels in the United States.
Revlon, Inc. is an American multinational company dealing in cosmetics, skin care, perfume, and personal care. The headquarters of Revlon was established in New York City on March 1, 1932, where it remains. Revlon was founded by brothers Charles and Joseph Revson, and chemist Charles Lachman. Revlon products are sold in 150 countries and the company has many global locations including Mexico City, London, Paris, Hong Kong, Indonesia, Sydney, Singapore, and Tokyo.
A fastener or fastening is a hardware device that mechanically joins or affixes two or more objects together. In general, fasteners are used to create non-permanent joints; that is, joints that can be removed or dismantled without damaging the joining components. Steel fasteners are usually made of stainless steel, carbon steel, or alloy steel.
Stanley Black & Decker, Inc., formerly known as The Stanley Works, is a Fortune 500 American manufacturer of industrial tools and household hardware, and a provider of security products. Headquartered in the greater Hartford city of New Britain, Connecticut, Stanley Black & Decker is the result of the merger of The Stanley Works and Black & Decker on March 12, 2010.
Avery Dennison Corporation is a multinational manufacturer and distributor of pressure-sensitive adhesive materials, apparel branding labels and tags, RFID inlays, and specialty medical products. The company is a member of the Fortune 500 and is headquartered in Mentor, Ohio.
Newell Brands Inc. is an American manufacturer, marketer and distributor of consumer and commercial products. The company's brands and products include Rubbermaid storage and trash containers; home organization and reusable container products; Contigo and Bubba water bottles; Coleman outdoor products; writing instruments glue ; children's products ; cookware and small appliances and fragrance products.
Digi International is an American Industrial Internet of Things (IIoT) technology company with headquarters based in Hopkins, Minnesota. The company was founded in 1985 and went public as Digi International in 1989. The company initially offered intelligent ISA/PCI boards with multiple asynchronous serial interfaces for PCs. Multiport serial boards are still sold, but the company focuses on embedded and external network communications as well as scalable USB products. The company's products also include radio modems and embedded modules based on LTE (4G) communications platforms.
Visma is a privately held company headquartered in Oslo, Norway, that provides business software and information technology-related development and consultancy. The majority of the company is owned by HgCapital, a private equity firm.
Pandrol is a global rail technology company, founded in 1953 and operating in over 100 countries worldwide, with over 400 railway systems having adopted its products.
MSC Industrial Direct Co., Inc (MSC), through its subsidiaries, primarily, MSC Industrial Supply Co., it is one of the largest industrial equipment distributors in the United States, distributing more than 1.5 million metalworking and other industrial products.
PactivEvergeen Inc., is a manufacturer and distributor of food packaging and foodservice products, supplying packers, processors, supermarkets, restaurants, institutions and foodservice outlets across North America.
Kwikset is an American lock and lockset manufacturer owned by Spectrum Brands Hardware and Home Improvement Group (HHI), a Division of Spectrum Brands, and is in the process of being acquired by Assa Abloy. Originally Gateway Manufacturing Company, Kwikset was founded in California in 1946 by Adolf Schoepe, and Karl Rhinehart.
B/E Aerospace, Inc. was a manufacturer of aircraft passenger cabin interior products for the commercial and business jet aircraft markets. B/E Aerospace had leading worldwide market shares in all of its major product lines and served virtually all of the world's airlines, aircraft manufacturers and leasing companies through its direct global sales and customer support organizations. Based in Wellington, Florida, the company was capitalized as a $4.2 billion corporation as of January 2016.
AMETEK, Inc. is an American multinational conglomerate and global designer and manufacturer of electronic instruments and electromechanical devices with headquarters in the United States and over 220 sites worldwide.
Post Holdings, Inc. is an American consumer packaged goods holding company headquartered in St Louis, Missouri with businesses operating in the center-of-the-store, refrigerated, foodservice, and food ingredient categories. Its Post Consumer Brands business manufactures, markets, and sells both branded and private label cereal products. Its Michael Foods Group business supplies value-added egg products and refrigerated potato products to the foodservice and food ingredient channels. Through its Post Refrigerated Retail business, Post offers potato, egg, sausage, and cheese refrigerated side dishes products. Post participates in the private brand food category through its investment in 8th Avenue Food & Provisions, a leading, private brand centric, consumer products holding company.
Bossard Group is an international Swiss fastener technology and logistics company with its headquarters in Zug. Their activities include worldwide sales, technical consulting and inventory management. The Group employs more than 2,700 people at 84 locations in Europe, America and Asia/Pacific and generated a turnover of 1.15 billion Swiss francs in 2022. Bossard Group is listed on the Swiss Stock Exchange SIX Swiss Exchange.
The SFS Group AG is concerned with precision components and assemblies, mechanical fastening systems, tooling and logistics systems. The headquarters are located in Heerbrugg, Switzerland. SFS employed nearly 11,000 people worldwide in 2021 and generated sales of SFr 1.89 billion with around 10,500 employees worldwide.
Allergan plc is an American, Irish-domiciled pharmaceutical company that acquires, develops, manufactures and markets brand name drugs and medical devices in the areas of medical aesthetics, eye care, central nervous system, and gastroenterology. The company is the maker of Botox.
Richelieu Hardware is a Canadian specialty hardware distribution and manufacturing company based in Montreal, Quebec. It has two manufacturing plants and 104 distribution centres in Canada and the United States, and is listed on the Toronto Stock Exchange.
Following the 1911 Supreme Court ruling that found Standard Oil was an illegal monopoly, the company was broken up into 34 different entities, divided primarily by region and activity. Many of these companies later became part of the Seven Sisters, which dominated global petroleum production in the 20th century, and became a majority of today's largest investor-owned oil companies, with most tracing their roots back to Standard Oil. Some descendants of Standard Oil were also given exclusive rights to the Standard Oil name.