PrimeSource Acquires Cobra Anchors in Montreal - Modern Distribution Management

PrimeSource Acquires Cobra Anchors in Montreal

It enhances the PrimeSource portfolio of branded products and its reach into the home center, lumberyard and specialty retail channels.
PrimeSource_Logo

Irving, TX-based Residential building products distributor PrimeSource acquired Cobra Anchors. Terms of the transaction were not disclosed.

Montreal, Canada-based Cobra is a manufacturer of hollow wall, universal and masonry anchors that serves home centers, wholesalers and industrial distributors throughout the U.S. Canada and parts of Europe. Its brands include the Wall Driller (Zinc & Nylon), Wall Driller Plus, Wall Biter, Driller Toggle, Flip Toggle, Triple Grip and the Parawedge. Its product portfolio includes over 1,000 SKUs.

Cobra also has a manufacturing plant in Temple, PA.

“We are thrilled to add Cobra to the PrimeSource portfolio,” PrimeSource CEO Tom Koos said in an Aug. 15 news release. “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.”

PrimeSource operates 56 distribution centers throughout the U.S. and owns a variety of brands including: Grip-Rite, Pro-Twist, Top Knobs, Hardware Resources, Atlas Homewares, North Pointe Cabinets and Wolf Home Products.

This marks PrimeSource’s fifth acquisition since partnering with investment firm Clearlake Capital Group in December 2020.

“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,” Clearlake Co-Founder and Managing Partner José Feliciano and Clearlake Partner Colin Leonard said. “We look forward to continuing our exciting growth trajectory with both organic and acquisition initiatives going forward.”

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.