Lawson Products Completes Acquisition

Apr 02, 2001, 01:00 ET from Lawson Products, Inc.

    DES PLAINES, Ill., April 2 /PRNewswire/ -- Lawson Products, Inc.
 (Nasdaq:   LAWS) announced Monday, April 2nd that it has completed its
 previously announced acquisition of the North American Industrial Products and
 Kent Automotive Divisions of Premier Farnell plc (NYSE:   PFP).  Robert J.
 Washlow, Chairman and Chief Executive Officer of Lawson stated, "Since
 mid-February, we have been integrating the Premier sales representatives into
 Lawson's businesses.  With the completion of this transaction, we can now
 focus our attention on maximizing the productivity of the largest and most
 experienced sales force in the MRO and OEM marketplaces."
     Lawson Products is an international seller and distributor of systems,
 services and products to the industrial, commercial and institutional
 maintenance, repair and replacement marketplace.  Lawson Products also
 manufacturers, sells and distributes production and specialized component
 parts to the original equipment marketplace including the automotive,
 appliance, aerospace, construction and transportation industries.
     This press release contains historical information and forward-looking
 statements and opinions.  Statements looking forward in time are included in
 this press release pursuant to the "safe harbor" provision of the Private
 Securities Litigation Reform Act of 1995.  These statements are based on
 management's current expectations or beliefs and are subject to a number of
 factors and uncertainties that could cause actual results to differ materially
 from those described in the forward-looking statements.  The factors that
 could cause actual results to differ materially from those described in the
 forward-looking statements include increased competition, seasonality, an
 economic downturn and the ability to integrate successfully the acquired
 business units.
 
 

SOURCE Lawson Products, Inc.
    DES PLAINES, Ill., April 2 /PRNewswire/ -- Lawson Products, Inc.
 (Nasdaq:   LAWS) announced Monday, April 2nd that it has completed its
 previously announced acquisition of the North American Industrial Products and
 Kent Automotive Divisions of Premier Farnell plc (NYSE:   PFP).  Robert J.
 Washlow, Chairman and Chief Executive Officer of Lawson stated, "Since
 mid-February, we have been integrating the Premier sales representatives into
 Lawson's businesses.  With the completion of this transaction, we can now
 focus our attention on maximizing the productivity of the largest and most
 experienced sales force in the MRO and OEM marketplaces."
     Lawson Products is an international seller and distributor of systems,
 services and products to the industrial, commercial and institutional
 maintenance, repair and replacement marketplace.  Lawson Products also
 manufacturers, sells and distributes production and specialized component
 parts to the original equipment marketplace including the automotive,
 appliance, aerospace, construction and transportation industries.
     This press release contains historical information and forward-looking
 statements and opinions.  Statements looking forward in time are included in
 this press release pursuant to the "safe harbor" provision of the Private
 Securities Litigation Reform Act of 1995.  These statements are based on
 management's current expectations or beliefs and are subject to a number of
 factors and uncertainties that could cause actual results to differ materially
 from those described in the forward-looking statements.  The factors that
 could cause actual results to differ materially from those described in the
 forward-looking statements include increased competition, seasonality, an
 economic downturn and the ability to integrate successfully the acquired
 business units.
 
 SOURCE  Lawson Products, Inc.