Lawson Products Sells Automatic Screw Machine Products Company - Modern Distribution Management

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Lawson Products Sells Automatic Screw Machine Products Company

Distributor divests ASMP to Nelson Stud Welding for $12.5M.
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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.

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