LOS ANGELES — PrimeSource has new owners. The building materials distributor, which has 42 locations in North America, including six distribution centres in Canada, has been sold by its current owner, Tokyo-based holding company Itochu Corporation, to Platinum Equity, a global private equity firm in Los Angeles. The transaction is subject to customary closing conditions, including legal procedures and approval by antitrust authorities. The company expects the transfer of shares to close before the middle of 2015. PrimeSource was acquired by Itochu Group in 1998.
PrimeSource gets new owner
Most Recent
Most Read
RenoRun on sales block, fires for creditor protection
Wed, March 29th, 2023
Major Canadian Tire DC remains closed after fire, impacting shipments
Wed, March 29th, 2023
Dollarama enjoys strong year-end
Wed, March 29th, 2023
Federal budget includes green economy incentives
Wed, March 29th, 2023
Castle grows in Ontario
Tue, March 28th, 2023
Good news amid interest rates hikes: CanWel president
Tue, March 28th, 2023
Featured Classified: LM2
Tue, March 28th, 2023
Small business lobbyists seek to extend CEBA deadline
Mon, March 27th, 2023
RONA continues support for children’s hospitals
Mon, March 27th, 2023
Canac to build new stores in Rivière-du-Loup, Sorel-Tracy
Mon, March 27th, 2023