Lawson Products Cooperating with Federal Authorities
DES PLAINES, IL- Jan. 19, 2006 - Lawson Products Inc. (NASDAQ: LAWS) today said that it has been cooperating with an investigation by the U. S. Attorney's Office for the Northern District of Illinois, which executed a search warrant for records and files at the company's headquarters and has submitted a document subpoena to which the company is responding.
The on-going investigation involves whether Lawson representatives have provided inappropriate gifts to purchasing agents, including government purchasing agents. The Board of Directors of the company has formed a special committee to oversee an internal investigation of the matter.
Lawson Products is an international leader in seller and distributing systems, services and products to the industrial, commercial and institutional maintenance, repair and replacement market. The Company also manufactures, sells and distributes production and specialized component parts to the original equipment marketplace, including the automotive, appliance, aerospace, construction, and transportation industries.
For more information, visit www.lawsonproducts.com.
