Lawson Products acquires F.B. Feeney Hardware

Business Wire

CHICAGO - Lawson Products said it has acquired F.B. Feeney Hardware in Mississauga, Ontario, Canada.

Terms of the acquisition were not announced.

F.B. Feeney Hardware has been serving the industrial market in Toronto and the surrounding area since 1952 and is known as a fleet specialist. The company's products and value proposition are similar to that of Lawson Products' and include vendor managed inventory services. With the acquisition, Lawson Products is gaining three experienced sales representatives.

Tom Feeney, who has led the company for the last 38 years, has agreed to join Lawson Products. Debra Feeney, who has helped lead the company as operations manager, will serve as a consultant through the transition.

"This acquisition is a great fit, given our commitment to helping our customers become more efficient and profitable. We look forward to leveraging our infrastructure in support of their customers," said Michael DeCata, president and chief executive officer of Lawson Products. "We continue to focus on top line growth, and intend to pursue more excellent opportunities that allow us to grow our sales force and increase market share."

Tom Feeney said Feeney Hardware's sales team and customers will benefit from Lawson's product offering and support.

"We are pleased F.B. Feeney Hardware is joining Lawson Products, a leader in the industrial distribution industry and a company that has demonstrated its commitment to doing business in Canada," he added.

Third Coast Capital Advisors served as financial advisor to Lawson Products. Transaction consideration was not disclosed.