Lab Safety Supply Acquires McFeely’s Square Drive Screws
Lab Safety Supply Acquires McFeely’s Square Drive Screws
Jason Sandefur
Grainger subsidiary Lab Safety Supply (LSS) acquired McFeely’s Square Drive Screws of Lynchburg, VA, LSS president Larry Loizzo announced.
“This acquisition will enable LSS to further penetrate the woodworking and construction markets,” stated Grainger CEO Richard Keyser.
A B2B direct marketer, McFeely’s serves over 70,000 active customers, including woodworkers, handymen, home improvement professionals, construction companies and cabinetmakers. Founded in 1978, the company reported 2006 sales topped $9 million, and is headquartered at 3720 Cohen Place, PO Box 11169, Lynchburg, VA 24506-1169. Tel: 800 443-7937 Fax 800 847-7136 Web: mcfeelys.com
LSS markets specialty business products in the safety, industrial, environmental and homeland security markets, supplying 170,000 products to more than 500,000 North American customers. LSS”s achieved record sales of $411.5 million in 2006, with operating earnings of $52.3 million. LSS operates a centralized distribution center in Janesville, WI. Web: grainger.com �2007 FastenerNews.com
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