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Hillman Solutions Corp., a leading provider of hardware products and merchandising solutions, announced it has acquired Intex DIY Inc., a leading supplier of wiping cloths, consumable rags and cleaning textiles.
Recently, Hillman also entered into a new partnership with Kontoor Brands to launch work gloves under the popular Wrangler® brand, which Hillman expects to roll out in 2025. Since its founding in 2005, Intex has developed patented and innovative products, which have helped reinvent the cleaning rag category. Intex’s full suite of superior-quality, high-performing products are used for home improvement, painting, general cleaning, maintenance, janitorial, auto and marine care projects. Hillman anticipates Intex’s 2024 annual revenue to be approximately $55 million.
“Intex has a wide range of products in the cleaning category and will make a great addition to Hillman,” says Doug Cahill, Hillman president, chairman and chief executive officer. “We will leverage the Hillman moat to sell and service this new product line with both new and existing customers. We look forward to expanding within this critical category as we seek ways to better serve our customers. We are thrilled to welcome the Intex team to the Hillman family.”
The Intex acquisition marks Hillman’s second acquisition in 2024, having acquired Koch Industries, a provider and merchandiser of rope, twine, chain and wire rope and related hardware products, in January.
Financial terms of the transaction were not disclosed. Hillman’s wholly-owned subsidiary, Big Time Products, LLC., where Hillman’s PS business resides, was the acquiring entity.
