PrimeSource Acquires Full Ownership of Progressive Steel and Wire LLC

IRVING, Texas--()--PrimeSource® Building Products Inc., the country’s largest full-service wholesale distributor of building materials and purveyor of construction fasteners worldwide, has announced the acquisition of Progressive Steel and Wire LLC (PSW). PSW was previously part of a joint venture between Dubai Wire and PrimeSource, but PrimeSource is now taking 100 percent ownership and control.

“We are excited to meet the demand for high quality, domestically produced collated nails by taking full ownership of Progressive Steel and Wire,” say Ken Fishbein and Mona Zinman, co-chief executive officers of PrimeSource Building Products, Inc. in a joint statement. “Our goal is to bring nail and wire product manufacturing back to the USA and to create more jobs here at home.”

Progressive Steel and Wire LLC is currently reformatting its Dallas-based nail production facility which will result in a broader mix of products for customers. All products manufactured in this facility and future facilities will be available exclusively through the 42 distribution centers of PrimeSource across North America.

In addition to the more than 100 new jobs created in the Dallas location, PSW plans to open additional production plants in strategic locations throughout the United States and Canada.

From the Dallas, TX area, Progressive Steel and Wire crafts a variety of products, including:

- Collated nails

- Collated pallet nails

- Bulk hand drive nails

- Packaged hand drive nails

For more information or to purchase our American made fasteners call 888-PS-CONTAINER (888-772-6682).

About PrimeSource Building Products, Inc.

With 42 distribution centers throughout the US and Canada and more than 1,200 employees, PrimeSource is an international distributor of building materials serving residential, commercial, and industrial new-construction and remodeling markets as a value-added link in the distribution chain. Core products distributed under the Grip-Rite® and Pro-Twist® brands include: Nails, screws, and collated fasteners; tools, compressors and accessories; residential and commercial roofing products; diamond blades and accessories, gypsum accessories, weather protection and covers, adhesives and caulks, contractor bags and poly sheeting, building accessories; rebar and concrete accessories; and fencing and wire. For more information please visit www.primesourcebp.com or call (800) 676-7777.

Contacts

Blue Chip Marketing Worldwide
Riva Budowsky, 847-418-8091
Rbudowsky@bluechipww.com

Release Summary

PrimeSource Acquires Full Ownership of Progressive Steel and Wire LLC

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Contacts

Blue Chip Marketing Worldwide
Riva Budowsky, 847-418-8091
Rbudowsky@bluechipww.com