10/13/2010
NEWS BRIEFS
Hillman Announces Cash Dividend for October

Fastener distributor Hillman Companies declared a cash distribution by Hillman Group Capital Trust for the month of October 2010 in the amount of $.24 for each Trust Preferred Security.  

The distribution will be payable November 1, 2010 to holders of record October 22, 2010.
 

In June, fastener distributor Hillman Companies, which had 2009 revenue of $482 million, completed its deal to be acquired by equity firm Oak Hill Capital Partners for about $815 million. 
 

Oak Hill, a 24-year-old private equity firm with more than $8.4 billion in its portfolio, invested in partnership with Hillman’s current management team to buy Cincinnati-based Hillman from Code Hennessy & Simmons and certain company management. 

 

Founded as a fastener company in 1964, Hillman is a value-added distributor of over 60,000 SKUs, including fasteners, key duplication systems, engraved tags and related hardware items to over 21,000 retail customers in the U.S., Canada, Mexico and South America. Hillman’s customer portfolio includes Ace Hardware, True Value, Lowe’s, Home Depot, Tractor Supply, Walmart, Menards and Do it Best Corp. ©2010 GlobalFastenerNews.com

Related Stories:

• Alcoa Fastener Segment Sees ATOI Jump

• Fastenal Reports Double-Digit Sales and Earnings Growth

Related Links:

• Hillman Companies