Need Help? (888) 742-5060

In The News:

Lawson Products Sells Supply Technologies to Park-Ohio

Lawson Products, Inc. (NASDAQ: LAWS), Des Plaines, IL, has sold Assembly Component Systems, Inc. (ACS), a wholly owned subsidiary, to Supply Technologies LLC., a wholly owned company of Park-Ohio Holdings Corp. (NASDAQ:PKOH).

The sale price is $19 million, consisting of $16 million of cash and a $3 million promissory note, plus the assumption of certain liabilities. Park-Ohio expects annual revenues from the acquisition will be more than $50 million.

ACS is a provider of supply chain management solutions for production components through service centers throughout North America.

In connection with the above transaction, Supply Technologies and Lawson Products have entered into a strategic alliance to collaborate on common interests relative to certain MRO products in certain industries.

Lawson President and CEO Tom Neri said, "This divestiture will free up valuable resources for our company and generate cash for further investment in Lawson MRO, our most profitable business. We look forward to partnering with Supply Technologies in serving customers who value a combined OEM and MRO solution and the many cost and operating efficiencies it delivers."

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>

MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center