CHICAGO--(BUSINESS WIRE)--Mar. 22, 2019--
Lawson Products, Inc.(NASDAQ: LAWS)(“Lawson” or the
“Company”) a distributor of products and services to the MRO
marketplace, today announced that J. Bryan King, CFA and a principal of
Luther King Capital Management, has been appointed Chairman of the
Company’s Board of Directors. Mr. King was elected to the Board of
Directors in 2017. In 2003, Mr. King established the LKCM Distribution
Holdings oversight advisory board of operating partners and thought
leaders to support LKCM Capital Group and its affiliates’ investment
activities with respect to distribution, packaging, shop, field and
engineering services, and rental focused businesses. TestEquity,
Relevant Solutions and Industrial Distribution Group are among the
businesses where Mr. King has served as Chairman of the Board and the
Managing Partner.
Additionally, Mr. Charles Hale and Mr. Mark Moon have been appointed to
serve as directors on Lawson’s board, filling the two vacancies from
recently retired directors.
Charles D. Hale, 52, has served as Executive Vice Chairman of Test
Equity, Inc. since 2017, Chairman of Liquid Technologies Inc. since
2016, and as a member of the Board of Directors at Applied System
Technologies since 2017. In addition, he has been an operating partner
of LKCM Headwater Investments since 2017.
Mr. Hale, a seasoned industrial distribution executive, worked at FCX
Performance, a leader in the special flow control distribution market.
He served as the company’s CFO for 11 years before becoming President,
and then President and Chief Executive Officer. During his tenure at
FCX, Mr. Hale successfully led the company’s M&A strategy with the
acquisition of 28 companies, transforming the company from a regional
distributor to a national footprint, while improving overall company
profitability. He began his career as a commercial and investment banker
with Bank One, Mitsubishi Bank and Fifth Third Bank. Mr. Hale is a
graduate of Ohio University where he received his bachelor’s degree in
management and finance.
Mark F. Moon, 56, is the President of MFM Advisory Services and serves
as an advisor and operating partner of LKCM Headwater Investments and
Bertram Capital since 2016 and 2018, respectively. Mr. Moon is also on
the Board of Directors for BearCom LLC and TestEquity LLC, both of which
are distribution companies. Previously, he spent over 30 years at
Motorola Solutions, Inc. where he served as President and was
responsible for strategy and leading all aspects of global operations,
including sales and marketing, product research and development,
software and services, and supply chain. In addition, Mr. Moon
previously served as Chairman of the Board of Directors for Vertex
Standard, a Motorola joint venture.
Mr. Moon is a graduate of the Georgia Institute of Technology where he
earned his bachelor’s degree in industrial and systems engineering. He
was named to the school’s Academy of Distinguished Engineering Alumni in
2014 and currently serves on the Advisory Board of the School of
Industrial and Systems Engineering.
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/.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190322005079/en/
Source: Lawson Products, Inc.
Lawson Products, Inc.
Ronald J. Knutson
Executive Vice
President and Chief Financial Officer
773-304-5665
