Subsequent Events |
6 Months Ended |
|---|---|
Jun. 27, 2026 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | On July 22, 2026, the Company entered into a new Term Loan B and new asset based revolving credit facility consisting of $735 million senior secured Term Loan B (the "New Term Loan"), maturing 2033 and $375 million senior secured asset-based revolving credit facility (the "New ABL Facility”), maturing 2031. The net proceeds of the transaction were used to refinance the Company's existing Term Loan B due 2028, pay down the existing ABL facility due 2027, as well as related fees and expenses, and for general corporate purposes. On July 31, 2026, the Company entered into an agreement to purchase Kanebridge Corporation ("Kanebridge") for approximately $315,000, subject to customary adjustments for cash, indebtedness, working capital and transaction expenses. Kanebridge is a master distributor of fasteners, primarily serving the commercial and industrial market. Kanebridge has business operations in the United States and its financial results will reside in the Company's Hardware and Protective Solutions reportable segment. The acquisition will be funded with a combination of cash on hand, a draw on our revolving credit facility, and an additional Term Loan B.
|