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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.”

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