Lawson Products, Inc., a distributor of products and services to the MRO marketplace, today announced the acquisition of Screw Products, Inc. (SPI). The acquisition closed October 1, 2018. Terms of the transaction were not disclosed.
Based in Dallas, Texas, SPI is a leading regional distributor of bulk industrial products to large manufacturers and job shops. It provides customized fastener and components packaging, sub-assembly, and kitting services in its Dallas and Dayton, Ohio warehouses. The company generates approximately $3 million in revenue.
"SPI’s deep expertise and successful execution in its markets have yielded strong profitability and sales growth,” said Michael DeCata, President and CEO, Lawson Products. “This transaction further reinforces our commitment to being strategically focused and disciplined in pursuing acquisitions.”
Bill Marthens, President and CEO, SPI, added, “We are thrilled to join Lawson Products and are excited about the potential opportunities from leveraging their resources and experience. Lawson supports our commitment to a high level of customer service and to growing our sales profitably.”
Key SPI sales and operations employees will continue in their current roles reporting to Marthens, who will oversee the day-to-day operations as Director, Segment Development, for Lawson Products. Marthens will report to Shane McCarthy, Senior VP, Supply Chain and Business Development, Lawson Products.
The deal represents Lawson’s sixth acquisition in the past three years. The previous acquisition was in October 2017, when it acquired The Bolt Supply House for ~CAD$40 million.
About Lawson Products, Inc.
Founded in 1952, Lawson Products, Inc., headquartered in Chicago, IL, sells and distributes specialty products to the industrial, commercial, institutional and government maintenance, repair and operations market (MRO).
