The Hillman Companies, Inc. a provider to the hardware and home improvement industry, announced that it has acquired OZCO Building Products. 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.
With annual net revenue of about $18 million, OZCO is a manufacturer of outdoor hardware in the U.S. and Canada, best known for originating the Ornamental Wood Ties hardware category.
With more than 200 SKU’s and 23 U.S. patents, OZCO serves retail customers and building professionals through a distribution network of more than 1,000 stores and hundreds of independent dealers, as well as direct-to-consumers through e-commerce channels.
OZCO will operate as part of Hillman’s Hardware Solutions business. Ian Hill, founder and GM of OZCO, will continue on with Hillman as a key member of the senior leadership team.
Doug Cahill, chairman and CEO of Hillman stated: “We are thrilled to welcome Ian and the OZCO team to our growing Hillman family. This transaction is another great example of how we are creating value through strategically and financially accretive M&A.”
For the last 17 years, OZCO has developed many long standing customer relationships and has a reputation for quality customer service. This, together with its geographic footprint, proprietary brands, supply chain, product mix, and local leadership positions, fit squarely into Hillman’s network of strategic partnerships with omni-channel retailers.
“Ian and his team are master innovators, with over 70% of OZCO product sales, covered by patents,” added Hillman. “We are excited to leverage OZCO’s innovation and creativity across our much larger sales and distribution platform to further propel its growth and profitability while extending Hillman’s competitive moat to the attractive outdoor product category.”
“I have been very impressed with the Hillman team,” said Hill. “Their long history of success is a result of their commitment to focusing on and listening to customers…Hillman’s distribution and sales organization will quickly be expanding the availability of OZCO’s products throughout the U.S. and Canada. OZCO’s long-time customers will undoubtedly benefit from this strategic move for many years to come.”