Lawson Products acquires Perfect Products of Michigan

Business Wire

CHICAGO - Lawson Products said it has acquired fastener, bolt, nut, clip and screw distribution company Perfect Products Company of Michigan.

Terms of the transaction were not disclosed.

Founded in 1959, Perfect Products Company of Michigan is a family-owned company that specializes in offering supplies for domestic and imported vehicles. Perfect Products serves automotive repair shops, body shops and industrial clients from Grand Rapids and Detroit, Michigan to Toledo, Ohio.

The acquisition will add four sales reps to Lawson's sales team.

"We are delighted to welcome the Perfect Products' highly experienced sales force to the Lawson team and we look forward to providing them with the support, services and systems to achieve even greater success," said Michael DeCata, president and chief executive officer of Lawson Products. "This acquisition is an excellent strategic fit, with a similar value proposition to our Kent Automotive brand. As we continue to focus on top line growth, we will look for more excellent opportunities like this where we can grow our sales force and leverage our infrastructure."

Co-owners Bruce Findlay and Mike Findlay, each with more than 25 years of selling experience in this industry will stay on as sales reps for Kent Automotive. Perfect Products' president Jim Findlay will remain in his role through the transition.

"This transaction will bring us to the next level, expanding our business while also providing our sales reps and customers with Lawson's extensive product offering and support," Jim Findlay said.

Third Coast Capital Advisors served as financial adviser to Lawson Products.