Hawkins, Inc.

Overview

Hawkins, Inc. formulates, manufactures, blends, and distributes water treatment chemicals and specialty ingredients across three segments: Water Treatment, Food and Health Sciences, and Industrial Solutions. The company emphasizes service, quality, personalized applications, and a creative, trustworthy workforce. It operates across multiple states and uses shared raw materials, facilities, and other cost synergies among segments.

Segments

Water Treatment

• Products and services: chemicals, filtration media, systems, equipment, and technical services for potable water, municipal and industrial wastewater, industrial process water, non-residential swimming pools, and agricultural water.
• Delivery: route drivers, sales personnel, and trained technicians; provides equipment such as tanks, valves, and pumps, plus a wide range of filtration media.
• Footprint: 53 warehouses in 28 states, primarily in the eastern two-thirds of the United States.
• Seasonality: higher sales historically from April through September related to municipal pool and water treatment chemical usage.

Food and Health Sciences

• Products and services: ingredient distribution, processing, formulation, sourcing, blending, and related services for nutrition, food, pharmaceutical, and agricultural manufacturers.
• Product portfolio: base chemistry, acids, minerals, vitamins, amino acids, excipients, botanicals and herbs, sweeteners, enzymes, fertilizers, and food-grade/pharmaceutical salts and ingredients.
• Operations: primary locations in California, New York, Minnesota, and Illinois; products sold nationally and in select international markets.
• Seasonality: agricultural sales tied to planting seasons.

Industrial Solutions

• Products and services: industrial chemicals, acids and alkalis, bulk handling, custom blending per customer formulas, and repackaging into smaller quantities.
• Customers: industrial manufacturing, chemical processing, electronics, energy, plating, and surface finishing sectors.
• Operations: manufacturing locations and terminal operations support distribution and processing.

Customers

No single customer accounted for 10% or more of total sales in fiscal 2026, 2025, or 2024, indicating a broad customer base.

Workforce and human capital

• Approximately 1,200 employees as of March 29, 2026.
• About 45% of employees are female or racially/ethnically diverse.
• Approximately 8% of employees are covered by collective bargaining agreements.

Facilities and geographic footprint

• Corporate headquarters: Roseville, Minnesota (50,000 sq ft facility).
• Major sites include Minneapolis, St. Paul, Camanche (IA), Memphis, Apopka (FL), Camby (IN), Fairborn (OH), Fayetteville (TN), Rockford (IL), Sulphur (LA), Centralia (IL), Dupo (IL), Rosemount (MN), Fullerton (CA), Florida (NY), among others.
• Several sites have rail or barge access; some land is leased and some is owned. Certain facilities include manufacturing (for example, bleach production) and outside storage tanks for bulk liquids.
• Water Treatment and other segments share facilities and distribution resources; the Water Treatment segment relies on a substantial warehouse and distribution network.

Financial framework

• Credit facilities: second amended and restated credit agreement with a $400 million revolving facility.
• Liquidity snapshot: approximately $244 million outstanding under the Revolving Loan Facility as of March 29, 2026.
• The company identifies covenant and indebtedness risks, including the risk of default if cash flow is insufficient or funding is unavailable to meet obligations.
• Financial risks also include potential impairment of goodwill and other intangible assets.

Regulatory, safety, and risk context

• Operations are subject to regulation by agencies such as the FDA, EPA, USDA, FTC, DOT, and various state and local regulators.
• Product safety and environmental compliance are central, with ongoing regulatory change and enforcement activity relevant to food, nutraceuticals, dietary ingredients, and chemical handling.
• Environmental, health, and safety liabilities are a material consideration, including potential remediation costs and litigation risk related to hazardous substances.
• Supply chain risks include raw material availability, transportation constraints, pricing pressures, and tariff impacts.
• Seasonal and weather-related demand fluctuations affect the Water Treatment segment and agricultural components of Food and Health Sciences.

Operational risks

• Supply chain disruptions (raw material shortages, transportation bottlenecks, fuel costs, port congestion, rail capacity, driver shortages).
• Dependence on transportation infrastructure and third-party logistics partners.
• Potential impacts from tariffs and changes in international trade policy.
• Real estate and lease renewal risk for critical terminals and manufacturing sites (renewals scheduled through 2029–2044).
• Potential impairment of goodwill and other intangible assets, with related consequences for financial condition.

Cybersecurity

• Oversight: board of directors and audit committee provide governance and oversight.
• Management: Chief Information Officer leads cybersecurity strategy and programs.
• Controls and practices: use of the NIST framework, incident response planning, vendor risk management, and regular security assessments.
• Cybersecurity is maintained as a continuing enterprise risk requiring ongoing monitoring and improvement.