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Industrial distributor Lawson Products Inc. (NASDAQ: LAWS), Chicago, IL, has sold Automatic Screw Machine Products Company to Nelson Stud Welding Inc. for $12.5 million in cash, according to an SEC filing.
Automatic Screw Machine Products Company, which was a subsidiary of Lawson Products, is based in Decatur, AL. According to its website, it was purchased by Lawson Products in 1996.
Nelson Stud Welding is a manufacturer and distributor of weld stud fasteners and application equipment serving the automotive, construction and industrial markets.