News 

Lawson Products, Inc. (NASDAQ:LAWS) a distributor of products and services to the MRO marketplace, announced the acquisition of The Bolt Supply House Ltd., based in Calgary, Canada, for a purchase price of approximately CAD$40.0 million, subject to customary post-closing price adjustments. The purchase price was funded with cash on hand and utilization of Lawson Products’ existing credit facility.

Founded in 1948, The Bolt Supply House Ltd., owned by John J. McCann and W. Brett Wilson, is a leading Canadian distributor of high quality fasteners, power tools and industrial MRO supplies, with annual sales of approximately CAD$43 million. The Bolt Supply House’s 13 branch locations and 27 sales territory managers serve companies and professional tradespeople in Alberta, Saskatchewan, and Manitoba, Canada. The company packages and ships products from a 43,000 square-foot distribution center in Calgary. The Bolt Supply House will operate under its brand as a subsidiary corporation of Lawson Products’ Canadian operating company.

The transaction marks Lawson Products’ fifth and largest acquisition in 24 months and more than doubles its sales in Canada.