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PrimeSource Acquires Fastening Products Provider Axxis.

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Vincent

MANews-(C)2009-2022

North American specialty branded residential building products provider PrimeSource Brands, which is backed by Clearlake Capital Group, L.P., has acquired US-based fastening tools and collated fasteners provider Axxis, LLC, the company said.

The transaction is PrimeSource's fourth acquisition during Clearlake's ownership.

Financial terms were not disclosed.

Axxis, which goes to market under the Complete and KlinchPak brands, primarily serves STAFDA distribution and packaging houses.

The combination with Axxis further enhance PrimeSource's portfolio of branded fasteners and related fastening tools.

Carl Schneider, CEO of Axxis, will remain involved as part of the PrimeSource team focused on accelerating Axxis' growth.

PrimeSource Brands is a national provider of specialty branded residential building products.

The company's product offering spans more than 60,000 SKUs, including construction fasteners, cabinet knobs and pulls, fence and gate hardware, railing systems and infill, perimeter security solutions, among others.

PrimeSource Brands operates an expansive footprint, serving over 43,000...

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