Q: You have remained quite positive on Hammond.
Can you advise where their products are produced (I suspect most products for NA are produced in Mexico, therefore subject to any Trump tarries on Mexico, but I may be wrong).
Also do they have the capability of doing some manufacturing in the US
Can you advise where their products are produced (I suspect most products for NA are produced in Mexico, therefore subject to any Trump tarries on Mexico, but I may be wrong).
Also do they have the capability of doing some manufacturing in the US
5i Research Answer:
HPS has numerous plants and also warehousing facilities. Its plants are located in:
1 Guelph, ON
2 Walkerton, ON
3 Aberfoyle, ON
4 Granby, PQ
5 Baraboo, WI
6 North Huntingdon, PA
7 Compton, CA
8 Reno, NV
9 Monterrey 1
10 Monterrey 2
11 Monterrey 3
12 Monterrey 4
13 Hyderabad 1
14 Hyderabad 2
15 Hyderabad 3
16 Hyderabad 4
So there is some US exposure which can be increased. We would expect more US acquisitions if tariffs become an issue.