Lawson Products, Inc., (NASDAQ:LAWS) a distributor of products and services to the MRO marketplace, announced that an affiliate of LKCM Headwater Investments, the private equity arm of Luther King Capital Management, has agreed to acquire the remaining 1,713,787 shares of Lawson Products common stock owned by Dr. Ronald Port and James Errant, both members of the founding family of the company, for $32 per share increasing the collective ownership of LKCM Headwater Investments from approximately 29 percent to approximately 48 percent of the total shares outstanding.
The transaction is expected to close early in the first quarter of 2019. Lawson Products
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