Lawson Products, Inc. (NASDAQ:LAWS) announced the acquisition of Screw Products, Inc. (SPI). The acquisition closed yesterday. Terms of the transaction were not disclosed.
Based in Dallas, Texas, SPI is a regional distributor of bulk industrial products to large manufacturers and job shops. SPI 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 chief executive officer, Lawson Products. “This transaction further reinforces our commitment
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