The Hillman Companies has acquired OZCO Building Products. OZCO, a company with an annual net revenue of approximately $18 million, is a leading manufacturer of outdoor hardware in the U.S. and Canada. The manufacturer is best known for originating the Ornamental Wood Ties hardware category.
OZCO offers structural fasteners and connectors across 14 product lines for use in decks, benches, fences, gates, gardens, pergolas, planters, posts, and other general construction needs. The company has over 200 SKU’s and 23 U.S. patents and services both the retail DIY and building professional customer segments.
OZCO will operate as part of Hillman’s Hardware Solutions business and Ian Hill, founder and general manager of OZCO, will continue with Hillman as a key member of the senior leadership team. According to Hillman, OZCO’s customer relationships, customer service, geographic footprint, proprietary brands, supply chain, product mix, and local leadership positions fit squarely into Hillman’s “deeply embedded network of strategic partnerships with omni-channel retailers.”
“We are thrilled to welcome Ian and the OZCO team to our growing Hillman family,” Doug Cahill, chairman and CEO of Hillman, said in a news release. “This transaction is another great example of how we are creating value through strategically and financially accretive M&A. We will continue to pursue M&A, while maintaining our desired public company credit profile, and our organic growth initiatives to capitalize on industry tailwinds from enduring at home living trends and related strength in the repair and remodel market where we are a leading player.”
Cahill said Hillman is “excited” to leverage OZCO’s innovation and creativity across the company’s sales and distribution platform to “further propel its growth and profitability while extending Hillman’s competitive moat to the attractive outdoor product category.”
“Hillman’s distribution and sales organization will quickly be expanding the availability of OZCO’s products throughout the U.S. and Canada,” Hill said. “OZCO’s long-time customers will undoubtedly benefit from this strategic move for many years to come. Hillman also embraces technology and values innovation and intellectual property. This is a very attractive part of Hillman that will allow us to continue to develop innovative products at a faster pace.”
Cincinnati, Ohio-based Hillman is a provider of complete hardware solutions, delivered to over 40,000 locations. The company delivers solutions to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM and industrial customers.
