PrimeSource Canada to Acquire Langtry
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, Quebec; and Dartmouth, Nova Scotia.
Langtry offers a wide range of 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.
“The compatibilities that exist between PrimeSource Canada and Langtry Industries in terms of our business models, customers and markets [are] remarkable,” said Ken Fishbein, co-chief executive officer 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.