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Parent company of Temple manufacturer acquired
Stacy Wescoe//August 15, 2024//
A Canadian company with manufacturing facilities in Temple, Berks County has been acquired.
PrimeSource Brands, a North American provider of specialty branded residential building products backed by Clearlake Capital Group L.P., has acquired Cobra Anchors a provider of branded hollow-wall, universal, and masonry anchors.
Based in Montreal, Quebec, Canada, Cobra offers a portfolio of over 1,000 products focused on hollow-wall, universal and masonry anchors. The combination with Cobra enhances the PrimeSource Brands portfolio of branded products and expands the Company’s reach into the home center, lumberyard and specialty retail channels, the company said in a release.
The transaction is PrimeSource Brands’ fifth acquisition since partnering with Clearlake in December 2020. Financial terms were not disclosed.
“We are thrilled to add Cobra to the PrimeSource portfolio,” said Tom Koos, CEO of PrimeSource. “The Cobra team has built a terrific catalogue of proprietary products that fits well with our existing platform. Along with PrimeSource Building Products, Dimora Brands, Nationwide, Wolf, and Axxis, Cobra continues our efforts to build the branded specialty building products platform with the largest sales and service capabilities in the industry.”
Operating a national footprint with 56 distribution centers, PrimeSource Brands describes itself as a link in the residential building products supply chain, serving as the ‘one-stop-shop’ for specialty building products ranging from construction fasteners and building materials to specialty home hardware.
PrimeSource Brands owns a portfolio of branded products including Grip-Rite, Pro-Twist, Top Knobs, Hardware Resources, Atlas Homewares, North Pointe Cabinets, and Wolf Home Products
