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PrimeSource Brands, a North American provider of specialty branded residential building products, has acquired Cobra Anchors, a provider of branded hollow-wall, universal, and masonry anchors.
The transaction is PrimeSource Brands’ fifth acquisition since partnering with Clearlake Capital Group in December 2020. Financial terms were not disclosed.
Based in Montreal, Quebec, Canada, Cobra offers a portfolio of over 1,000 SKUs 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.
“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. We believe our depth of catalogue combined with our customer reach gives us an advantage, and we are confident that our increased national scale will enable us to grow this business at an accelerated pace.”
Operating a national footprint with 56 distribution centers, PrimeSource Brands is 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 among others across several categories including construction fasteners, cabinets and cabinet hardware, lighting and plumbing, and outdoor building materials. PrimeSource Brands delivers these products daily across multiple channels including national home improvement retailers, lumberyards, building products dealers, and specialty showrooms.
“In partnership with the PrimeSource Brands team, we continue to deploy our O.P.S. playbook to capitalize on the Company’s footprint and logistics network and channel reach by expanding the branded product portfolio across residential building product applications,” said José E. Feliciano, Co-Founder and Managing Partner, and Colin Leonard, Partner, of Clearlake. “We look forward to continuing our exciting growth trajectory with both organic and acquisition initiatives going forward.”
