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Lawson Products Buys Bolt Supply House

Lawson Products Buys Bolt Supply House
October 03
18:16 2017

Lawson Products acquired The Bolt Supply House Ltd., based in Calgary, Canada, for CAD$40 million (US$32 million).

Founded in 1948, Bolt Supply House, owned by John J. McCann and W. Brett Wilson, distributes 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 sq ft 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.

“This transaction marks an important phase of Lawson Products’ growth strategy, acquiring companies that significantly add to our revenue and earnings,” stated Lawson Products CEO Michael DeCata. “The acquisition will expand our distribution coverage in Western Canada to provide sales growth opportunities on enhanced regional fulfillment capabilities.”

Kurt Mario, president of Bolt Supply House, will continue to lead the company. Key sales and management members will continue in their existing leadership roles. The Bolt Supply House will continue to operate under its go-to-market strategy, with branch locations and sales territory managers.

Founded in 1948, Bolt Supply House distributes fasteners through 13 locations in Alberta, Saskatchewan, and Manitoba. Web: boltsupply.com

Lawson Products is marking its 65th anniversary in 2017. Lawson Products is an industrial distributor of MRO products to all 50 states, Puerto Rico, Canada, Mexico and the Caribbean and is headquartered at 8770 W. Bryn Mawr #900, Chicago, IL 60631. Tel: 866 837-9908 Web: lawsonproducts.com

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