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.
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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.”

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