6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
Deliver Distribution News to Your Inbox
Sign up below to receive MDM Update, your free weekly distribution news update by email.
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."