This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Lawson Products Announces State-of-the-Art Packaging And Distribution Center; Corporate Headquarters To Relocate

Stocks in this article: LAWS

Lawson Products (NASDAQ: LAWS) announced plans today to lease a new, state-of-the-art Midwest packaging and distribution center in McCook, Illinois. The facility will be constructed and owned by CenterPoint Properties, a leading national industrial real estate and development firm. The company also announced that it will relocate its corporate headquarters to a leased facility in the City of Chicago.

“We have spent the past several years investing in our business transformation, building a solid platform for the sustained growth of Lawson,” commented Lawson CEO Tom Neri. “When our new packaging and distribution center is completed and our headquarters are relocated, we will further improve operating efficiencies that will help us achieve our vision to be our customers’ first choice for maintenance, repair, and operating solutions.”

Neri added: “We are especially pleased to stay here in Illinois, where we can retain much of our current team, and continue to have access to a highly skilled labor force. We considered locating to neighboring states, but we worked with the State of Illinois and found the Governor's office to be very accommodating and supportive of our business needs."

“We have many intrinsic assets that make Illinois extremely competitive in terms of locating or growing a business,” said Illinois Department of Commerce and Economic Opportunity Director Warren Ribley. “By continuing to invest in areas such as infrastructure and worker training, and reforming the state’s business policies, we will continue to keep highly-successful companies like Lawson investing in Illinois and creating jobs for the future.”

New Packaging and Distribution Center

The newly constructed packaging and distribution center that Lawson will lease offers the company many benefits. Distribution and Logistics Vice President Shane McCarthy explained how it will enhance Lawson’s position in the market: “Through our dedicated sales force, Lawson provides our customers with technical solutions that improve the efficiency of their maintenance, repair, and operations, resulting in cost savings for them. With our new facility, we will continue to meet their needs with better shipping options, improved inventory management, and a host of other improvements.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs