Hawkins Announces Agreement to Acquire Dumont Company

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Hawkins Inc. (Nasdaq: HWKN) announced that it has entered into a definitive agreement to acquire substantially all the assets of The Dumont Company Inc., a water treatment chemical distribution company with seven facilities across the State of Florida.

“We are very pleased to announce this strategic acquisition for our Water Treatment Group and welcome Dumont into the Hawkins organization,” says Hawkins CEO, Patrick H. Hawkins. “Dumont shares our core values, and, like us, is particularly focused on offering the highest level of service and value to its customers. This acquisition significantly expands our Water Treatment Group’s geographic footprint to now cover the state of Florida and is part of our continued efforts to grow our Water Treatment Group’s business. We are delighted to be able to work with Dumont’s outstanding employees to grow the business as we bring Hawkins’ broader product offering to Dumont’s current customers.”

Ron Cartwright, president of Dumont, added, “My wife, Julie, and I have operated this family business for over 20 years and we are very pleased to be able to join the Hawkins team. We think this combination is a great cultural fit and will provide tremendous opportunities for our customers and employees.”

Dumont had revenues of about $14 million in 2013. The acquired assets will become part of the company’s water treatment segment.

The transaction is subject to customary closing conditions and is expected to close in the coming weeks.

About Hawkins
Hawkins Inc. distributes, blends, dilutes and manufactures bulk and specialty chemicals for its customers in a wide variety of industries. Headquartered in Roseville, Minn., and with 29 facilities in 14 states, the company creates value for its customers through superb customer service and support, quality products and personalized applications.

About Dumont
The Dumont Company Inc. has been serving the chemical needs of Florida customers since 1955. From its roots in Southwest Florida, the company now serves all of the state from its facilities in Starke, Labelle, Tarrytown, Hollywood, Big Pine Key, Monticello and Apopka, Fla. Its primary chemical markets include municipal water and wastewater treatment, private utilities, commercial swimming pools, irrigation water treatment and food processing.



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