PrimeSource Acquires Northeast Wholesale

PrimeSource, one of the largest construction fastener companies and building products distributors in the United States, announced it has acquired Northeast Wholesale (NEW), a distributor of fasteners, tools and other building materials throughout the Northeastern United States. Financial terms of the transaction were not disclosed.

NEW sells fasteners and tools from well-known respected brands, as well as private label products. Founded in 1990, NEW distributes its products to approximately 300 customers in New England and the Mid-Atlantic United States.

"NEW is a great strategic fit for our business and will expand our presence in an important part of the country, allowing us to reach more customers with more products than ever before," said PrimeSource CEO George Judd. "The combination will create a larger distribution network and will generate new opportunities to complement our Grip-Rite and Pro-Twist product offerings with third-party branded fasteners and private label programs."