Industrial Products Leader, Lawson, Acquires Mattic Industries
Lawson Products, a distributor of products and services to the maintenance, repair and operations (MRO) and automotive marketplaces, has announced it has completed the acquisition of Mattic Industries, a Vancouver-based distribution company.
Founded in 1982, Mattic Industries is a distributor of rivets, fasteners and other industrial components throughout Western Canada. Similar to Lawson, the company also provides vendor managed inventory (VMI) services to customers.
Mattic has distribution centers in Surrey, British Columbia and Calgary, Alberta. Lawson Products gains 18 employees, including 10 sales representatives with the acquisition.
According to the company, key sales and management members will continue in their leadership roles. John Matthew will remain on board during the transition. Third Coast Capital Advisors served as financial advisor to Lawson Products. Lawson Products’ acquisition of Mattic Industries closed November 15, 2016.
Category: Featured, General Update, Tools
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