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In The News:

PrimeSource Canada Agrees to Buy Langtry Industries

PrimeSource Canada, a wholly owned subsidiary of PrimeSource Building Products Inc., Irving, TX, has agreed to acquire Langtry Industries, a distributor of building materials and fasteners. Terms of the acquisition were not disclosed.

Langtry Industries has six locations across Canada and offers a wide range of fasteners to lumberyards, home center chains, retail hardware stores and the industrial supply and OEM manufacturing markets.

"The compatibilities that exist between PrimeSource Canada and Langtry Industries in terms of our business models, customers and markets is remarkable," said Ken Fishbein, Co-CEO 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."

Fishbein said customers of both PrimeSource Canada and Langtry Industries should expect normal business operations to continue through the foreseeable future.

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