PrimeSource Building Products Inc. announced it is acquiring Pacific Steel and Supply, one of the largest independent nail distributors on the West Coast. The parties expect the transaction to close in late September.
"We are especially pleased to be acquiring Pacific Steel and Supply," said Ken Fishbein, executive vice president of PrimeSource. "Their skilled management and vast product selection are welcome additions that will positively benefit our growing company. I am confident in the future of PrimeSource and Pacific Steel and Supply, and we appreciate the continued support of our customers, suppliers and employees."
Customers and suppliers of both companies should expect normal business operations throughout the course of the transaction. The companies' products and brands will continue to serve the market in their current form.
PrimeSource announces acquisition
October 1, 2006