Media release:The Hillman Group Inc. a leading North American provider of complete hardware solutions delivered with the industry’s best customer service and sales support, today announced that it has entered into a definitive agreement to acquire Big Time Products of Rome, a leading provider of personal protection and work gear products.
Greg Gluchowski, President and CEO of Hillman, said, “With the addition of Big Time, Hillman will expand its portfolio of product solutions for both DIY and pro customers. We are excited to bring two industry leaders together that share a culture of customer focus, service, and passion for innovation.”
The acquisition will enable Hillman to expand into adjacent categories with Big Time’s expansive and innovative products in the hardware, automotive, garden, and cleaning industries that include work gloves, household gloves, knee pads, tool rigs and aprons, and job site storage. Big Time’s products are sold under its portfolio of industry-leading brands such as Firm Grip, AWP, McGuire-Nicholas, Grease Monkey, and Gorilla Grip throughout retailers in North America.
Hillman has secured committed debt financing from Jefferies Finance LLC for the transaction. The transaction is subject to customary closing conditions and receipt of required regulatory approvals.
About Big Time: Big Time was founded by two retail experts who wanted to build a better work glove. Just a few short years later, Big Time has evolved from a work glove company to become an industry leader in personal protection products and work gear. Today, Big Time has a broad portfolio ranging from knee pads, tool belts, jobsite storage, and work gloves that deliver innovative solutions to both the Home and Hardware industry. Big Time products are available in most major retail stores in North America under the Firm Grip, AWP, McGuire-Nicholas, Grease-Monkey, and Gorilla Grip brands.
Company history: “In 2003, co-founders, Harry Pierce and Rick Chambers identified a gap in the marketplace for protective work gear. With an idea sketched on a napkin, the two retail experts sought to build a better product and launched the first high-performance work glove. Big Time Products leads the industry in work, garden, automotive, and household cleaning glove categories, in addition to other successful ventures such as wearable tool storage, job site storage and kneepads. What started as an idea, developed into a solution that has expanded Big Time Products into the leading manufacture it is today, becoming the largest supplier of high-performance work gloves in the U.S. The company’s impressive growth has gained popularity with Inc.® and Entrepreneur® magazines catapulting BTP onto the national stage.”