PrimeSource® Canada Signs Agreement to Acquire Langtry Industries Ltd.
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PrimeSource® Canada, a wholly owned subsidiary of PrimeSource® Building Products, Inc., the largest purveyor of fasteners to the construction market and one of the largest distributors of building products in North America, has signed an agreement to acquire Langtry Industries.
Since 1927, Langtry Industries has operated as an independent distributor of building materials and fasteners servicing the wholesale fastener, building supply, plumbing, electrical, and industrial supply markets throughout Canada, with locations in Vancouver, BC; Calgary, AB; Winnipeg, MB; London, ON; Montreal, QC; and Dartmouth, NS. They offer a wide range of fasteners (including their premier fastener brand, Lily Fasteners®) to lumber yards, home center chains, retail hardware stores and the industrial supply and OEM manufacturing markets. In recent years, the company has added anchoring systems, brads and staples, collated screws, and rotary hammer drill bits to round out their product offering. To learn more about Langtry Industries, please visit www.lilyfasteners.com.
"The compatibilities that exist between PrimeSource Canada and Langtry Industries in terms of our business models, customers and markets is remarkable," says Ken Fishbein, Co-Chief Executive Officer of PrimeSource. "Although this acquisition will result in the continuation and growth of the Langtry line, an expanded product offering will develop as PrimeSource adds the full line of Grip-Rite® products and brand-name building materials to the newly integrated locations across Canada. Customers will experience the same best-in-class products and service that we deliver across the United States and Canada from our 35 distribution centers."
Fishbein says customers of both PrimeSource Canada and Langtry Industries should expect normal business operations to continue through the foreseeable future. Terms of the acquisition were not disclosed.
For more information, please visit www.primesourcebp.com or call (800) 676-7777.
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