Hawkins, Inc. completed the acquisition of the assets of Aqua‑Chem, Inc. on April 30, 2026. Aqua‑Chem supplies water treatment products and services to commercial pool operators in Nebraska and Iowa, adding a concentrated customer base in the Midwest to Hawkins’ portfolio.
The deal fits into Hawkins’ strategy to accelerate growth in its Water Treatment segment, which has become the company’s dominant growth engine. By acquiring Aqua‑Chem’s established relationships and service culture, Hawkins can cross‑sell its specialty ingredients and broader water treatment solutions to a larger pool of commercial customers. CEO Patrick H. Hawkins said the acquisition “supports the company’s water treatment growth strategy” and highlighted Aqua‑Chem’s loyal customer following and service‑intensive culture as a good fit with Hawkins’ own approach.
Water Treatment segment sales rose 21% year‑over‑year in the second quarter of fiscal 2026 to $150.9 million and 28% year‑over‑year in the first quarter to $149.6 million, underscoring the segment’s momentum. Hawkins’ overall revenue for fiscal 2025 was $974 million, with a trailing‑twelve‑month total of $1.06 billion. Sales in the second quarter of fiscal 2026 reached $280.4 million, up 14% from the same period a year earlier, while first‑quarter sales were $293.3 million, up 15% YoY.
The company has not disclosed a purchase price or a detailed integration timetable, but it expects the acquisition to strengthen its service offering and reinforce its position as a regional leader in water treatment solutions. The addition of Aqua‑Chem’s customer base is anticipated to generate cross‑sell opportunities and accelerate the growth of the Water Treatment segment.
Hawkins has maintained a dividend payment for 34 consecutive years, reflecting its long‑term commitment to returning value to shareholders.
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