PrimeSource Building Products Acquires Coast to Coast Building Products

PrimeSource Building Products in Carrollton, Texas, has agreed to acquire Coast to Coast Building Products Inc., a two-step distributor with a focus in the rebar, fastener, drywall and roofing markets. Coast to Coast is headquartered in Miami with warehouses in Pompano Beach, Orlando and Tallahassee, Fla., and Atlanta, Ga.

“PrimeSource is very pleased to announce this acquisition as it further expands our distribution base into the Southeast region and allows us to take additional advantage of Coast to Coast’s established markets in the Caribbean and Central America,” says Ken Fishbein, co-chief executive officer of PrimeSource. “Since 1996, Peter Daniels and Richard Marcus have grown Coast to Coast into one of the major distributors serving Florida, Georgia and Alabama, and portions of Tennessee and North and South Carolina. Their network and warehouses are the perfect complement to PrimeSource as we continue to grow our geographic presence.”

Daniels will remain with PrimeSource, leading the company’s Southeast market. “All of our customers will greatly benefit from the expanded opportunities of products offered by PrimeSource,” Daniels adds. “For our employees, this acquisition allows them to become part of a global organization with a broader offering of business opportunities and benefits.”

Fishbein says customers and suppliers of both PrimeSource and Coast to Coast should expect normal business operations to continue throughout the course of the transaction. Terms of the acquisition were not disclosed.

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