Kent Automotive, a division of Lawson Products, Inc. (NASDAQ:LAWS), announced an agreement to distribute Lift King portable lifting equipment to collision repair shops, service departments and trucking companies. The Lift King product mechanically lifts and moves semi-truck hoods, car or truck doors and pickup beds, and provides shops with new levels of productivity, safety and […]
Lawson Products Acquires Partsmaster
Lawson Products, Inc. (NASDAQ: LAWS) announced the acquisition of Partsmaster, a leading maintenance, repair and operations (MRO) solutions provider with annual sales of approximately $63 million. Partsmaster serves 16,000 customers with over 200 sales representatives principally through a distribution center located in Greenville, Texas. “This transaction is an important step in our continued growth strategy. […]
Kent Automotive Adds Inventory Management and Profitability Reporting to Collision Repair Center Tool
Kent Automotive, a division of Lawson Products, Inc. (NASDAQ:LAWS) announced the latest release of its PROS Profit Enhancement and Inventory Manager Tool that will allow collision repair centers across the U.S. and Canada to track and charge out all materials used in repair orders, eliminating waste and recovering the cost of all consumable supplies. Fasteners, […]
Lawson Products Expands Borrowing Capacity to $100 Million
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 […]