Lawson Products Announces Appointment of Brian Hoekstra as Vice President of Mergers and Acquisitions
September 04 2019 - 7:30AM
Business Wire
Lawson Products, Inc. (NASDAQ: LAWS) (“Lawson” or the
"Company"), a distributor of products and services to the MRO
marketplace, today announced the appointment of Mr. Brian Hoekstra
as vice president of mergers and acquisitions, a newly created
position. Mr. Hoekstra will report directly to Michael DeCata,
president and chief executive officer.
“A key aspect of our growth strategy involves growing revenues
and earnings through acquisitions. Brian comes to us with excellent
experience and a unique skill set that will help us drive
additional acquisition opportunities and lead to accelerated growth
for the organization,” commented Mr. DeCata.
Mr. Hoekstra is joining Lawson from W.W. Grainger where he
served as Sr. Director, Mergers & Acquisitions. In his previous
position, he led cross-functional acquisition teams in identifying
and screening potential targets as well as leading the due
diligence process, performing financial modeling and negotiations,
and coordinating integrations. Additionally, he helped establish
the company’s merger and acquisitions capability from the ground up
by organizing the strategic framework, developing and training a
team of functional experts, and instituting standard processes.
Prior to Grainger, Mr. Hoekstra served as Manager, Mergers &
Acquisitions with Clark Retail Enterprises and has held financial
planning roles at AT&T and the Dial Corporation. He holds an
MBA from the University of Chicago, Booth School of Business and a
Bachelor’s Degree in Finance from Bradley University.
About Lawson Products,
Inc.
Founded in 1952, Lawson Products, Inc., headquartered in
Chicago, IL, sells and distributes specialty products to the
industrial, commercial, institutional and government maintenance,
repair and operations market (MRO). The Company is dedicated to
helping customers in the U.S. and Canada lower their total cost of
operation by increasing productivity and efficiency. The
combination of Lawson Managed Inventory and the Company’s
problem-solving professionals ensures customers always have the
right parts to handle the job. Through The
Bolt Supply House, customers in Western Canada have access
to products at several branch locations. Under its Kent Automotive brand, the company provides
collision and mechanical repair products to the automotive
aftermarket.
Lawson Products ships from several strategically located
distribution centers to customers in all 50 states, Puerto Rico,
Canada, Mexico, and the Caribbean.
For additional information, please visit
https://www.lawsonproducts.com or
https://www.kent-automotive.com.
This Release contains certain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
that involve risks and uncertainties. The terms "may," "should,"
"could," "anticipate," "believe," "continues," "estimate,"
"expect," "intend," "objective," "plan," "potential," "project" and
similar expressions are intended to identify forward-looking
statements. These statements are not guarantees of future
performance and involve risks, uncertainties and assumptions that
are difficult to predict. These statements are based on
management's current expectations, intentions or beliefs and are
subject to a number of factors, assumptions and uncertainties that
could cause or contribute to such differences or that might
otherwise impact the business and include the risk factors set
forth in Item 1A of the December 31, 2018, Form 10-K filed on March
4, 2019. The Company undertakes no obligation to update any such
factor or to publicly announce the results of any revisions to any
forward-looking statements whether as a result of new information,
future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20190904005060/en/
Investor Relations: Lawson Products, Inc. Ronald J.
Knutson Executive Vice President and Chief Financial Officer
773-304-5665
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