The hardware and industrial supplies distributor is consolidating Cincinnati-area operations into a new Forest Park facility that includes room for future expansion.
Latest In Hillman Solutions
The company noted consistent product demand in the quarter, while it closed on two tuck-in acquisitions.
It's the second announced deal in as many weeks for Hillman, growing its presence in the U.S. Southeast.
The hardware and industrial supplies distributor expects to net $20 million in annual sales from York, PA-based Campbell.
Meanwhile, the hardware products distributor’s annual sales hit a new company record.
Recent M&A, new business and pricing helped generate the highest quarterly net sales and adjusted EBITDA in the distributor's 61-year history.
The hardware products distributor's net sales increased to $402.8M, led by growth in the hardware & protective and robotics & digital product categories.
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Hillman Solutions reported a record 4Q sales growth, while its Canada and Robotics & Digital sales showed a continued sales decline in 2024.
The company proposed a $95 million facility adjacent to its current corporate headquarters just north of Cincinnati.
Hillman Solutions reported a slight dip in 3Q sales but saw considerably improved margins.
Company veteran Jon Michael Adinolfi will become the fastener distributor's President and CEO on Jan. 1, 2025.
Hilman promotes John Micheal Adinolfi to CEO, effective Jan. 1 of next year.
The fasteners and industrial supplies distributor's 1Q acquisition of Koch Industries helped drive top-line sales growth.
In 2023, the distributor paid down $160 million of debt and reduced inventory by $100 million while maintaining fill rates above 94%.
Hillman's recent entrance into rope and chain will further embed the distributor with its blue-chip customers.
The company posted 3Q year-over-year sales growth of 5.4%, an impressive rebound from the 3.6% decline seen in 2Q.
Net sales in 2Q 2023 decreased 3.6% to $380.0 million, compared to $394.1 million in the prior-year quarter.
Cincinnati-based hardware manufacturer and distributor Hillman Solutions promoted Jon Michael Adinolfi to Chief Operating Officer.
Hillman announced three promotions within its executive leadership team.
