Hy-Ko Products Company

Client Profile

Headquartered in Northfield, Ohio, Hy-Ko is a family-owned, value-added distributor of consumable, specialty hardware related products and services. The Company has been a premier supplier of Numbers Letters & Signs, Keys, Accessories and Electrical Specialty products to retailers and wholesalers throughout North America for over 70 years.

Situation

As an independent distributor, Hy-Ko experienced decades of successful operations. However, in response to ongoing macroeconomic and industry challenges, the Company required recapitalization or a strategic partner with sufficient resources to align competitive advantages, scale the business and support long-term growth initiatives.

Solution

SSG was retained by Hy-Ko to conduct a targeted marketing and recapitalization process and solicit offers from potential investors. All strategic alternatives were carefully evaluated and while several parties expressed interest in a transaction, the proposal from Midwest Fastener Corporation created a cultural and business combination that was beneficial for both companies. The combined companies will be led with the goal of superior customer care, long-term growth, and operational efficiencies. The expertise of each enterprise will be retained and expanded to help serve the marketplace.