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PrimeSource Brands Acquires Cobra Anchors, Expanding Specialty Building Products Portfolio

Author

Slice of Real Estate Team
August 20, 2024

Key Highlights:

  • PrimeSource Brands acquires Cobra Anchors, its fifth acquisition since 2020.

  • The acquisition expands PrimeSource's portfolio to over 1,000 SKUs in wall and masonry anchors.

  • PrimeSource continues to grow its presence in the home center and specialty retail channels.

Source (PR Newswire)

Notable Quotes:

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"We are thrilled to add Cobra to the PrimeSource portfolio. The Cobra team has built a terrific catalogue of proprietary products that fits well with our existing platform."

Tom Koos, CEO at PrimeSource Brands
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"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. We look forward to continuing our exciting growth trajectory with both organic and acquisition initiatives."

José E. Feliciano, Co-Founder and Managing Partner at Clearlake Capital Group, L.P and Colin Leonard, Partner at Clearlake Capital Group, L.P

Our Take:

PrimeSource Brands' acquisition of Cobra Anchors marks a strategic move to further solidify its dominance in the specialty residential building products market. This acquisition not only broadens PrimeSource's product offerings but also strengthens its distribution network across North America. With Clearlake Capital's backing and a strong operational playbook, PrimeSource is well-positioned to leverage this acquisition for accelerated growth, particularly in the lucrative home center and specialty retail segments. The ongoing consolidation within this industry underscores the competitive advantages that come with scale, breadth of product offerings, and robust logistics capabilities.