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Hawkins, Inc. Expands Pharmaceutical Ingredient Capabilities

Written by Customer Service on . Posted in Public Companies.

Roseville, MN, June 22, 2021 (GLOBE NEWSWIRE) — Hawkins, Inc. (Nasdaq: HWKN), a leading specialty chemical company, today announced that it has completed a capital investment in its Minneapolis, MN facility to drive further growth in its pharmaceutical ingredient business. The total overall investment of approximately $5 million included automation capabilities and additional storage for raw materials and finished goods. The addition more than doubles the facility’s pharmaceutical capacity in a controlled environment to support the industry’s estimated demands and allows for larger quantity production campaigns.

Patrick Hawkins, President and CEO, stated, “This expansion is consistent with our long-term growth strategy to make targeted investments in higher margin, faster growing markets. We believe these investments will help grow revenue in our pharmaceutical end markets in future years. In addition to the capital investment projects, over the last three years we have added to our pharmaceutical ingredient sales force to support this growing end market. We believe we will generate strong returns on these investments, especially given recent on-shoring trends, increased demands for these products, and overall growth in this industry.”

About Hawkins, Inc.
Hawkins, Inc. was founded in 1938 and is a leading specialty chemical company that distributes, blends and manufactures chemicals and other specialty ingredients for its Industrial, Water Treatment, and Health & Nutrition customers. Headquartered in Roseville, Minnesota, and with 46 facilities in 22 states, the Company creates value for its customers through superb customer service and support, quality products and personalized applications. Hawkins, Inc. generated $597 million of revenue in fiscal 2021 and has approximately 750 employees. For more information, including registering to receive email alerts, please visit www.hawkinsinc.com/investors.

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CONTACT: Jeffrey P. Oldenkamp
Executive Vice President and Chief Financial Officer
612/331-6910
ir@hawkinsinc.com

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