Consumers want and are actively looking for clean label products. To help meet consumer demands Hawkins is introducing e(Lm)inate ® V Certified Organic Liquid Vinegar.
Perfect for your clean label needs. /groups/food-ingredients/certified-organic-vinegar/
ON FEBRUARY 7, 2018
“As part of the effort to fight hunger, the 2018 International Production & Processing Expo (IPPE) raised more than $19,220 for the Atlanta Community Food Bank through its ‘Giving Back to Atlanta’ campaign. The initial $17,500 check presentation included contributions from IPPE and Hawkins Inc., and an additional $1,720 was provided by numerous individual donations.
“We are grateful for the continued support IPPE and Hawkins, Inc. have given the Atlanta Community Food Bank. Support from these valued partners will help provide more than 60,000 meals to families in Metro Atlanta and North Georgia, where one in four children face food insecurity each day,” said Ben Burgess, food sourcing specialist, Atlanta Community Food Bank.”
https://www.wattagnet.com/articles/33441-ippe-donates-19220-to-atlanta-community-food-bank
Hawkins introduces e(Lm)inate® V-Dry at IPPE. A new and improved dry vinegar. The answer to your clean label needs is simple, it’s vinegar. It’s a label-friendly antimicrobial. IPPE is the world’s largest annual poultry, feed, and meat technology exposition. e(Lm)inate® V-Dry is one of the many clean label options the Hawkins Food Ingredient Group will be showcasing at the show.
Hawkins would like to congratulate one of our own, Kathy Pepski, on being honored with a CFO of the Year, Career Achievement Award by Minneapolis St. Paul Business Journal.
Kathy joined Hawkins in 2008 and during that time, while growth and acquisitions have been a large part of her focus, she has also been focusing on mutual respect for the company and its employees; which has been her greatest source of pride. Kathy has given us the knowledge, the strategy and the relationships to help our company reach where we are today. Kathy has been a great partner, totally aligned with the company’s business goals from day one.
As Kathy prepares to retire in June of 2017, she hopes her vision for Hawkins will be carried on by her successor. In Kathy’s words “ We haven’t arrived, but we’re on the right journey. We have great staff and credibility within the business and I’m very proud of that.”
Congratulations again to Kathy, CFO of the Year!
Hawkins, Inc. completed its acquisition of Stauber Performance Ingredients from ICV Partners II, L.P. and its other shareholders in a cash for stock transaction on December 23, 2015.
“We are extremely pleased to be adding the Stauber business and its employees to the Hawkins’ organization. As we stated before, this acquisition marks the largest in Hawkins’ history, and it is transformational for us. We previously stated our intent to expand our portfolio of value-added specialty products within new markets. This acquisition accelerates that strategy. Hawkins has gained a wider array of products and a customer base outside of our traditional focus. At the same time, Stauber’s distribution model is one we know well. With Hawkins’ long-term perspective and available capital, we can make key growth investments to maximize the significant potential we see with this new business segment,” said Patrick H. Hawkins, Chief Executive Officer of Hawkins.
Mr. Hawkins continued, “Stauber shares our value of placing the customer first and has built a high-quality dry blending and distribution business focused on a broad spectrum of solutions serving a wide-breadth of long-term, brand-name customers. I have had the pleasure of spending time with many of the Stauber leaders during the acquisition process and, like Hawkins, the quality of their people and their laser-like focus on providing quality products to a loyal customer base is why they have been so successful.”
The Stauber business will be reported as a third business segment going forward to be called Specialty Ingredients.
Dan Stauber, Chief Executive Officer of Stauber, added, “As we have gotten to know Patrick and others from the Hawkins’ management team over the last several months, I am even more convinced that this acquisition is absolutely the right step for Stauber at this time. I am also delighted to be involved in setting the strategic direction for the combined entities and capitalizing on the opportunities and resources that can be leveraged within the larger organization.”
Founded in 1969, Stauber offers specialty products and ingredients to the nutritional, food, pharmaceutical, cosmetic and pet care industries with approximately 160 employees, and facilities in California and New York. Stauber generated revenues of approximately $117 million for the twelve months ended September 30, 2015. The combined companies will have approximately 630 employees and revenues of nearly $500 million for the twelve months ended September 30, 2015. Hawkins paid $157 million, subject to customary post-closing purchase price adjustments, to acquire the issued and outstanding shares of Stauber on a cash-free, debt-free basis. To fund the acquisition, Hawkins has entered into a financing facility with U.S. Bank National Association and JP Morgan Chase Bank, N.A.
Key investment highlights include:
About Hawkins, Inc.
Hawkins, Inc. distributes, blends and manufactures bulk and specialty chemicals for its customers in a wide variety of industries. Headquartered in Roseville, Minnesota, and with 41 facilities in 19 states, the Company creates value for its customers through superb customer service and support, quality products and personalized applications.
About Stauber Performance Ingredients
Information about Stauber Performance Ingredients can be found on their website at stauberusa.com.
Forward-Looking Statements
Various remarks in this statement constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include those relating to the impact of the acquisition on our business operations and financial condition. These statements are not historical facts, but rather are based on our current expectations, estimates and projections, and our beliefs and assumptions. Forward-looking statements may be identified by terms, including “anticipate,” “believe,” “can,” “could,” “expect,” “intend,” “may,” “predict,” “should,” or “will” or the negative of these terms or other comparable terms. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Actual results may vary materially from those contained in forward-looking statements based on a number of factors, including, but not limited to, our ability to maintain and integrate the acquired business, changes in competition and price pressure as a result of the pending acquisition or changes to our business resulting from the completed acquisition, changes in demand and customer requirements or processes for our products, interruptions in production resulting from hazards, transportation limitations or other extraordinary events outside our control that may negatively impact our business or the supply chains in which we participate, and our ability to consummate and successfully integrate other future acquisitions. Additional information concerning potential factors that could affect future financial results is included in our Annual Report on Form 10-K for the fiscal year ended March 29, 2015, as updated from time to time in amendments and subsequent reports filed with the SEC. Investors should take such risks into account when making investment decisions. Shareholders and other readers are cautioned not to place undue reliance on forward-looking statements, which reflect our management’s view only as of the date hereof. We do not undertake any obligation to update any forward-looking statements.
Stauber Website