v3.26.3
Acquisitions
 9 Months Ended
Sep. 26, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combination
Campbell Chain and Fittings
On April 3, 2026, the Company completed the acquisition of Campbell Chain and Fittings ("Campbell"), a widely recognized provider of industrial chain and chain-related products for a total purchase price of $2,961. Campbell adds US-based manufacturing and complements our existing chain business. The excess of the estimated fair value of net assets acquired over the estimated fair value of liabilities assumed was recorded as a preliminary gain on acquisition of $5,214, net of deferred taxes, an increase of $493 from prior quarter. Campbell has business operations throughout North America and its financial results reside in the Company's Hardware and Protective Solutions reportable segment.

The following table reconciles the preliminary fair value of the acquired assets and assumed liabilities to the total purchase price of Campbell.
April 3, 2026
Accounts receivable$6,872 
Inventory8,480 
Property and equipment2,405 
Total assets acquired$17,757 
Less:
Liabilities assumed(7,844)
Deferred tax liability(1,738)
Gain on acquisition, net of deferred taxes(5,214)
Total purchase price$2,961 
Net sales and operating income from Campbell included in the Company's Condensed Consolidated Statements of Comprehensive Income for the thirteen and thirty-nine weeks ended September 26, 2026 were as follows:
Thirteen weeks ended September 26, 2026Thirty-nine weeks ended September 26, 2026
Net sales$10,182 $20,959 
Operating income92 5,626 
Pro forma financial information has not been presented for Campbell as the financial results of Campbell were insignificant to the financial results of the Company on a standalone basis.
Delaney Hardware
On April 10, 2026, the Company completed the acquisition of Delaney Hardware (“Delaney”), a U.S.-based supplier of door hardware and related products used in residential, multifamily, and commercial construction for a total purchase price of $4,761. Delaney has business operations in North America and its financial results reside in the Company's Hardware and Protective Solutions reportable segment.
The following table reconciles the preliminary fair value of the acquired assets and assumed liabilities to the total purchase price of Delaney.
April 10, 2026
Accounts receivable$1,300 
Inventory5,017 
Other current assets152 
Total assets acquired$6,469 
Less:
Liabilities assumed(1,708)
Total purchase price$4,761 
Net sales and operating income from Delaney included in the Company's Condensed Consolidated Statements of Comprehensive Income for the thirteen and thirty-nine weeks ended September 26, 2026 were as follows:
Thirteen weeks ended September 26, 2026Thirty-nine weeks ended September 26, 2026
Net sales$3,230 $6,174 
Operating income742 550 
Pro forma financial information has not been presented for Delaney as the financial results of Delaney were insignificant to the financial results of the Company on a standalone basis.
Kanebridge
On July 31, 2026, the Company entered into an Equity Purchase Agreement to acquire Kanebridge Corporation (n/k/a Kanebridge, LLC) ("Kanebridge"). The Company closed on the Kanebridge acquisition on August 28, 2026. Pursuant to the Purchase Agreement, the Company acquired all of the outstanding equity interests of Kanebridge for aggregate consideration of approximately $308,684, subject to customary adjustments for cash, indebtedness, working capital and transaction expenses. This acquisition expands Hillman's presence in the Industrial market. Kanebridge has business operations in North America and its financial results reside in the Company's Hardware and Protective Solutions reportable segment.

The following table reconciles the preliminary fair value of the acquired assets and assumed liabilities to the total purchase price of Kanebridge.
August 28, 2026
Cash$1,903 
Accounts receivable6,890 
Inventory43,200 
Other current assets582 
Operating lease right of use assets9,176 
Property and equipment3,572 
Goodwill106,127 
Other intangibles, Customer relationships109,200 
Other intangibles, Trade names33,700 
Other intangibles, Technology15,500 
Total assets acquired$329,850 
Less:
Operating lease, current and noncurrent$(9,276)
Other liabilities assumed(11,890)
Liabilities assumed(21,166)
Total purchase price$308,684 
Net sales and operating income from Kanebridge included in the Company's Condensed Consolidated Statements of Comprehensive Income for the thirteen weeks ended September 26, 2026 were as follows:
Thirteen weeks ended September 26, 2026
Net sales$6,589 
Operating income2,301 
Pro forma financial information has not been presented for Kanebridge as the financial results of Kanebridge were insignificant to the financial results of the Company on a standalone basis.