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The Hillman Group Completes Acquisition Of minuteKEY

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The Hillman Group Completes Acquisition Of minuteKEY

PR Newswire

CINCINNATI, Aug. 14, 2018 /PRNewswire/ -- The Hillman Group ("Hillman"), a leading solution provider to the retail hardware market, today announced that it has successfully completed the previously announced acquisition of Minute Key Holdings Inc. ("minuteKEY"), an innovative leader in self-service key duplicating kiosks.

The transaction joins together Hillman's full-service key cutting platform with minuteKEY's self-service key cutting kiosks, building on both companies' strong cultures and investments in innovation to provide significant service and technology benefits to retailers and customers.  The unified key-cutting platform will be backed by KeyHero, Hillman's digital key backup and retrieval technology platform.

"Combining minuteKEY with Hillman marks an unprecedented step forward for the key hardware industry," said Greg Gluchowski, President and CEO of Hillman. "Hillman and minuteKEY share very similar cultures, and by combining our strong manufacturing, product and technology development teams, the key duplication process will become an easier, more consistent and higher-quality experience for consumers than ever before."

Randy Fagundo, President and CEO of minuteKEY, who will continue to lead the business, commented "We are excited to begin integrating minuteKEY into Hillman and working together to enhance both the service level we bring to the market and the speed at which we develop and deploy game changing technology.  The higher the penetration of revolutionary solutions like this, the more we can create and fast-track value for customers of all types."

About The Hillman Group
Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 26,000 customers. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers. Leveraging a world-class distribution and sales network, Hillman delivers a "small business" experience with "big business" efficiency.

For more information, please visit our website at hillmangroup.com or call Investor Relations at (513) 851-4900, ext. 60292.

Cision View original content:http://www.prnewswire.com/news-releases/the-hillman-group-completes-acquisition-of-minutekey-300696736.html

SOURCE The Hillman Companies, Inc.

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