CINCINNATI AND TORONTO, Feb. 11, 2013 /CNW/ - The Hillman Companies,
Inc. (Amex: HLM.Pr) ("Hillman") and H. Paulin & Co., Limited (TSX: PAP.A) ("Paulin") are pleased to announce that Paulin shareholders have approved the
previously announced arrangement pursuant to which Hillman will acquire
all of the issued and outstanding class A common shares in the capital
of Paulin. The arrangement received the approval of the requisite
majority of shareholders, including approval by a "majority of the
minority" shareholders, at a special meeting of shareholders held this
morning. Full details of the arrangement are described in the
management information circular dated January 7, 2013, which is
available on SEDAR at www.sedar.com.
Implementation of the arrangement remains subject to certain customary
conditions, including regulatory approvals and court approval. If court
approval is obtained as expected, it is anticipated that the
arrangement will close on February 19, 2013.
Headquartered in Toronto, Canada, Paulin was founded in 1920 and is a
leading Canadian distributor and manufacturer of fasteners, fluid
system products, automotive parts and retail hardware components.
Paulin's distribution facilities are located across Canada in
Vancouver, Edmonton, Winnipeg, Toronto, Montreal and Moncton, as well
as in Flint, Michigan and Cleveland, Ohio. Paulin's four manufacturing
facilities are located in Ontario, Canada. The Company's customers
include retail hardware, industrial and automotive (both Original
Equipment Manufacturers and aftermarket). Annual revenues of Paulin
for 2011 were approximately C$139 million.
Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a
leading value-added distributor of approximately 80,000 SKUs,
consisting of fasteners, key duplication systems, engraved tags and
related hardware items to over 20,000 retail customers in the U.S.,
Canada, Mexico, South America and Australia, including home improvement
centers, mass merchants, national and regional hardware stores, pet
supply stores and other retailers. Hillman provides a comprehensive
solution to its retail customers for managing SKU intensive, complex
home improvement categories. Hillman also offers its customers
additional services, such as inventory management and in-store
In May 2010, Oak Hill Capital Partners and Hillman's management team
formed a partnership to acquire Hillman. Oak Hill Capital Partners is
a private equity firm with more than $8 billion of committed capital
from leading entrepreneurs, endowments, foundations, corporations,
pension funds and global financial institutions. For more information
about Oak Hill Capital Partners, visit www.oakhillcapital.com.
SOURCE: H. Paulin & Co. Limited
For further information:
For more information on Paulin visit www.hpaulin.com or call Investor Relations at (416) 694-3360, ext. 135.
For more information on Hillman, please visit http://hillmangroup.com or call Investor Relations at (513) 851-4900, ext. 2084.