Hillman Solutions Corp. acquired Koch Industries, Inc., a supplier 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 Hillman CEO Doug 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.

“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.

In January 2021, the Hillman Group merged with Landcadia Holdings III, Inc., a publicly-traded acquisition company, in a $2.64 billion deal to create Hillman Solutions Corp., which will remain listed on the Nasdaq under the new ticker symbol “HLMN.”

Hillman is controlled by private equity firm CCMP Capital Advisors, LP, which acquired a majority interest in Hillman in 2014 and will remain the company’s largest shareholder upon closing.

Founded in 1964 as a fastener and keys company, Hillman offers 110,000 SKUs in categories including fasteners, key duplication systems, letters, numbers and signs, engraved tags, builder's hardware, and the recently added nail, deck and drywall category to 26,000 retail customers in the U.S., Canada, Mexico, South America and Australia. Web: hillmangroup.com