Fasteners and industrial hardware distributor and retailer Hillman Solutions has added a new product category with the acquisition of Koch Industries, a provider and merchandiser of rope and twine, chain and wire rope, and related hardware products. Financial terms of the transaction were not disclosed.

With rope and chain products now added to Hillman newly expanded product portfolio, the company can bring these products to existing customers while realizing shipping, sourcing, and service efficiencies along the way, Hillman officials said in a Jan. 11 news release.

Koch — co-owned by co-CEO’s Randy and Dave Koch — has 2,300 SKUs in the rope and chain and associated hardware category, which will be added to Hillman’s existing 112,000 SKU-portfolio. Hillman recently entered the adjacent category of rope and chain accessories, so the addition of rope and chain will further embed Hillman with its blue-chip customers.

“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. 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.”

Koch’s customers include local and national retailers in the traditional hardware and farm and fleet channels based in the United States. During its fiscal year which ended May 31, 2023, Koch’s revenue totaled approximately $45 million.