Lawson Products, Inc. (NASDAQ:LAWS), parent of Kent Automotive, announced it has entered into a new credit agreement increasing its maximum borrowing capacity from $40 million to $100 million. The new agreement also includes an accordion feature, subject to certain criteria as well as obtaining additional commitments from its lenders that would provide meaningful additional borrowing […]
Brian Hoekstra Named Vice President of Mergers and Acquisitions at Lawson Products
Lawson Products, Inc. (NASDAQ:LAWS) announced the appointment of Brian Hoekstra as vice president of mergers and acquisitions, a newly created position. Hoekstra will report directly to Michael DeCata, president and chief executive officer. “A key aspect of our growth strategy involves growing revenues and earnings through acquisitions. Brian comes to us with excellent experience and […]
Lawson Products Reports 2018 Sales Up 14.3%
Lawson Products, Inc. (NASDAQ:LAWS), the parent of Kent Automotive, announced results for the fourth quarter and year ended December 31, 2018. Net sales increased 7.0 percent to $86.3 million for the fourth quarter versus $80.6 million for the same period a year ago. Average daily sales grew to $1.414 million in the recent quarter compared […]
LKCM Headwater Investments Increases Lawson Products Stake to 48%
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 […]
Lawson Products Acquires Screw Products, Inc.
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 […]
Lawson Products Receives ISO 9001:2015 Certification
Lawson Products, Inc. (NASDAQ:LAWS), the parent of Kent Automotive, announced that all locations across North America have received ISO 9001:2015 certification which has just been issued. The company initially received ISO 9001:2008 in 2010 and has been audited and registered since 1996. Focused on quality management systems and performance, International Organization for Standardization (ISO) 9001:2015 […]
Lawson Products Opening New Distribution Center in Alberta, Canada
Lawson Products, Inc. (NASDAQ:LAWS), the parent of Kent Automotive, held an open house to celebrate its new distribution center in Alberta, Canada. The new distribution center, co-located in the recently acquired facility of The Bolt Supply House, allows Lawson to reduce product delivery time to within one to two business days to its Western Canadian […]
Kent Marks the 10th Anniversary in I-CAR Training Alliance by Nearly Doubling Instructor Base
Kent Automotive, a brand of Lawson Products, Inc., (NASDAQ:LAWS), announced eight of its industry professionals recently completed I-CAR Industry Training Alliance provider training, bringing its total number of I-CAR instructors to 19. More than 8,200 collision center personnel have participated in Kent’s I-CAR courses since 2008. The increase in I-CAR training resources complements a range […]
Kent Automotive Launches Mobile App for Cost Recovery
Kent Automotive, a division of Lawson Products, Inc. (NASDAQ:LAWS) announced the release of a mobile app to make repair parts tracking and cost recovery easier and faster for collision repair centers. Kent Automotive’s PROS Profit Enhancement Tool app is available for download at Apple’s App Store and Google Play. The PROS mobile app allows users […]
Lawson Products Acquires Mattic Industries
Lawson Products, Inc. (NASDAQ:LAWS), the parent of Kent Automotive, announced it has completed the acquisition of Mattic Industries Limited, a Vancouver-based distribution company. Founded in 1982, Mattic Industries is a leading distributor of rivets, fasteners and other industrial components throughout Western Canada. Similar to Lawson, the company also provides vendor managed inventory (VMI) services to […]