Monkey Hook® Completes Asset Sale to The Hillman Group
Irvine, CA – On March 7th, 2022, The Monkey Hook, LLC completed the sale of its assets to The Hillman Solutions (HLMN). Founded in 2004, the Monkey Hook became the first company to successfully commercialize a wire-formed picture hook for use on drywall where no stud exists. Monkey Hooks require no tools to install, and make only a small hole in the wall.
From getting its first major retail start from Ace Hardware in 2005, the Monkey Hook brand has become one of the most popular picture-hanging solutions in North America, and is widely distributed among the premier hardware, mass merchandise and home improvement retailers including The Home Depot, Walmart, Lowes, as well as Ace, Orgill, Do-It-Best, and True Value hardware retailers among others.
“Since 2008, Hillman has been our key distributor into the big-box home improvement retail segment,” says David Kurrasch, Monkey Hook’s Founder and Managing Member. “While Monkey Hook has enjoyed record performance over the past few years, this sale to Hillman, with its market leadership, significant human and financial resources, and customer relationships, will certainly take this business to the next level.”
This sale will enable Kurrasch to focus on continuing to grow his other company, K-CO Products, LLC which produces and distributes other ‘Best in Class’ products including the Little Big Shot® hose nozzle line, the Johnny Jolter® PRO Power Plunger, and its GLÜ brand ‘no-solvent’ all-purpose adhesive.
“For many years, I have believed that Hillman was the perfect company to own Monkey Hook. I am very pleased that this has become a reality, and am excited to see where Hillman takes this business.”
Kurrasch will continue to be involved in the business for a period of time, assisting in the transition to Hillman Solutions (HLMN). The remainder of the team will become part of Hillman and continue to manage the day-to-day of the business.
About Hillman Solutions
Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 26,000 customers. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & industrial customers. Leveraging a world-class distribution and sales network, Hillman delivers a “small business” experience with “big business” efficiency. For more information on Hillman, visit www.hillmangroup.com.