6/3/2013 12:06:00 AM
HEADLINES
Max Hillman
The Hillman Companies named executive vice president and COO James Waters to succeed Max (“Mick”) Hillman as CEO, effective July 1, 2013. Waters also joins the Hillman board.
Hillman, who will retire as CEO after 44 years with the company, will retain a board seat.
Hillman grew his father’s hardware distributorship into an international value-added distributor serving multiple retail channels and product categories.
Waters joined Hillman in 1999 as CFO and was promoted to EVP/COO in 2011.
During his tenure as COO, Hillman made its largest acquisition to date, H. Paulin & Company, which provided the company with an excellent market presence in Canada.
Founded in 1964 Cincinnati-based Hillman distributes fasteners, key duplication systems, engraved tags and related hardware items to 20,000 retail customers in the U.S., Canada, Mexico, South America and Australia, including home improvement centers, mass merchants, national and regional hardware stores, pet supply stores and other retailers. Web: Hillmangroup.com
In 2010, Oak Hill Capital Partners and Hillman’s management formed a partnership to acquire Hillman. Oak Hill is a private equity firm with more than $8 billion of initial capital commitments from leading entrepreneurs, endowments, foundations, corporations, pension funds and global financial institutions. Web: oakhillcapital.com ©2013 GlobalFastenerNews.com
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