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
Home Depot to acquire another trade distributor
Thu, March 28th, 2024
Throwback Thursday: 22 years ago, Ace Canada signed UFA
Thu, March 28th, 2024
Ontario RONA affiliate expands
Wed, March 27th, 2024
Hardlines is at the National Hardware Show
Wed, March 27th, 2024
Meet our Young Retailer of the Year in our latest podcast
Wed, March 27th, 2024
Home Hardware supports Skills Canada
Wed, March 27th, 2024
Sign up for a free floor pass to DX3 in Toronto
Wed, March 27th, 2024
Canadian Tire and Petro-Can combine loyalty programs
Tue, March 26th, 2024
BeautiTone unveils exterior colour of the year
Tue, March 26th, 2024
Why Air Miles is still good for dealers: TIMBER MART's Bernie Owens
Mon, March 25th, 2024