Hillman Solutions (NASDAQ:HLMN) reported second-quarter 2026 net sales growth of 10% and raised the midpoint of its full-year sales and adjusted EBITDA outlook following an agreement to acquire industrial fastener master distributor Kanebridge Corporation.
President and Chief Executive Officer Jon Michael Adinolfi said the company entered a definitive agreement to acquire Kanebridge for $315 million
The transaction, subject to regulatory approval and customary closing conditions, is expected to close around the start of the fourth quarter. Kanebridge Expands Industrial Fastener Presence Kanebridge is a family-owned, privately held master distributor of specialty fasteners serving the industrial channel. Adinolfi said the company has more than 50 years of experience and differentiates itself through long-standing customer relationships, its FastNet digital ordering platform, specialty SKU inventory and same-day shipment capabilities in custom pack sizes.
For the 12 months ended June 30, Kanebridge generated approximately $65 million in revenue and $30 million in adjusted EBITDA, according to Hillman. Hillman expects the acquisition to double the size of its industrial business, which currently totals about $65 million, including its Canadian Paulin operations and the recently acquired Campbell Chain business in the U.S. Adinolfi said the acquisition expands Hillman’s industrial addressable market by 50% to $3 billion, where the company currently estimates it has approximately 3% market share.