Hillman Solutions buys Koch Industries

Hillman Solutions Corp., a provider of hardware products and merchandising, has acquired Koch Industries, Inc., a provider and merchandiser of rope and twine, chain and wire rope, and related hardware products.

“This bolt-on, attractive acquisition allows us to leverage our moat in order to capitalize on growth opportunities in this new product category,” said Doug Cahill, chairman, president and CEO of Hillman.

“Koch has healthy, long-term relationships with its top-ten customers, having done business with them for an average of over 20 years,” said Cahill.

With rope and chain products added to its newly expanded product portfolio, Hillman said it can seamlessly bring these products to existing customers while realizing shipping, sourcing and service efficiencies along the way.

Randy Koch, co-owner and co-CEO of Koch, said: “For 45 years, we have built Koch Industries with the goal of delivering quality products with the highest level of service for our customers. Transitioning our business to Hillman was an obvious choice, considering their strong competitive moat and track record of growth and service.”

Dave Koch, Koch’s other co-owner and co-CEO said, “we believe this is an outstanding fit for our employees, as well as our customers, and are confident that Hillman will continue to serve both exceptionally well.”

Having recently entered the adjacent category of rope and chain accessories, the addition of rope and chain will further embed Hillman with its blue-chip customers, said the company.

“We look to continue to take care of our customers with our 1,100-member field sales and service team, our direct-to-store shipping approach, and our portfolio of owned-brands that set us apart from the competition,” said Cahill.

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman and its subsidiaries are North American providers of complete hardware solutions to more than 40,000 locations.