Private equity firm CCMP Capital Advisors LLC is buying a majority stake in the Hillman Companies Inc. The deal values Hillman, a manufacturing company, at nearly $1.5 billion.
Hillman, headquartered in Cincinnati, Ohio, manufactures products for commercial and residential uses, as well as inventory management and in-store merchandising services. The company was founded in 1964 as a fastener and key maker. The company's products are sold in Ace Hardware, Home Depot (NYSE: HD), Lowe's (NYSE: LOW), Petco, PetSmart (Nasdaq: PETM), Tractor Supply (Nasdaq: TSCO), WalMart (NYSE: WMT) and other retailers.