12,000 square-foot facility, located in the Port Kells industrial area of Surrey, stocks industrial products including fasteners, power and hand tools, abrasives and safety products.
Tag "Lawson Products"
Average daily sales increased 21.3% to $1.41 million, boosted by $9.8 million from the inclusion of the Bolt Supply acquisition and a 9.1% improvement in Lawson's sales per rep per day productivity.
“(The Bolt House) acquisition, being our largest to date, was an important step in pursuing our growth strategy of acquiring companies that significantly add to our revenue and leverage our infrastructure to drive earnings.”
Chicago-based distributor said sales were positively impacted by the 11% increase in sales rep productivity, the effect of acquisitions completed in 2016 and continuing improvement in the MRO marketplace.
The transaction marks Lawson Products’ fifth and largest acquisition in 24 months and more than doubles its sales in Canada.