PrimeSource Canada to Acquire Langtry Industries Ltd.

PrimeSource Canada, a wholly owned subsidiary of PrimeSource Building Products, one of the largest purveyor of fasteners to the construction market and a large distributor of building products in North America, this week signed an agreement to acquire Langtry Industries. It expects to finalize the acquisition later this month.

Langtry is 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, British Columbia; Calgary, Alberta; Winnipeg, Manitoba; London, Ontario; Montreal; and Dartmouth, Nova Scotia.

Langtry Industries offers a range of fasteners, including its 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 its product offering.

“The compatibilities that exist between PrimeSource Canada and Langtry Industries in terms of our business models, customers and markets is remarkable,” said Ken Fishbein, co-CEO 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 United States from our 35 distribution centers.”

Fishbein said 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.

Langtry Industries operates as an independent distributor servicing hardware lumber dealers; rental businesses; drywall supply houses; and plumbing, electrical, industrial and automotive wholesalers across Canada. For more information, visit www.lilyfasteners.com.

Headquartered in Irving, Texas, PrimeSource provides fasteners to the construction market and is one of the largest distributors of building products in North America, including gypsum, insulation, roofing, and steel reinforcing products. PrimeSource proprietary brands include Grip-Rite and Pro-Twist Marker & Darts lines, which feature nails and screws; collated screws; collated fasteners, tools, compressors and accessories; winter protection products; wire fencing; steel products and concrete construction accessories; and building materials. For more information, visit www.primesourcebp.com.