Hillman Solutions agrees to buy Kanebridge for $315 million
Reuters2026/08/03 20:37- Hillman Solutions agreed to buy industrial fastener master distributor Kanebridge for USD 315 million, subject to customary adjustments.
- Deal adds an industrial distribution platform in the U.S., expanding Hillman’s industrial total addressable market to USD 3 billion.
- Kanebridge supplies more than 44,000 fastener SKUs to distributors across the U.S. and Canada from warehouses in Illinois and California.
- Hillman expects margin and earnings accretion, citing sourcing and distribution cost synergies, cross-selling opportunities, and tax benefits.
- Funding planned from balance-sheet cash, borrowings under an asset-based revolving credit facility, and an add-on to a First Lien Term Loan.
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