PrimeSource buys Langtry, expanding in Canada
PrimeSource Canada, a wholly owned subsidiary of PrimeSource Building Products Inc., agreed to acquire Langtry Industries, an independent distributor of building materials and fasteners.
The deal is expected to be finalized by the middle of this month. Terms of the acquisition were not disclosed. Langtry Industries offers a wide range of fasteners, including its premier fastener brand, Lily Fasteners, to lumberyards, home center chains, retail hardware stores and the industrial supply and OEM manufacturing markets
“The compatibilities that exist between PrimeSource Canada and Langtry Industries in terms of our business models, customers and markets is remarkable,” said Ken Fishbein, Co-CEO of PrimeSource, in a prepared statement. “Although this acquisition will result in the continuation and growth of the Langtry line, an expanded product offering will develop as PrimeSource adds the full line of Grip-Rite products and brand-name building materials to the newly integrated locations across Canada.”
With locations in Vancouver, BC; Calgary, AB; Winnipeg, MB; London, ON; Montreal, QC; and Dartmouth, NS, Langtry has in recent years added anchoring systems, brads and staples, collated screws, and rotary hammer drill bits to its product offering. ?
Fishbein said customers of both PrimeSource Canada and Langtry Industries should expect normal business operations to continue through the foreseeable future.
Obituary: William Cowling, Dixieline president
William Cowling Jr., the former president of Dixieline Lumber, died of Parkinson’s disease on Nov. 27. He was 81 years old.
Known to most people as simply “Cowling,” the retired lumberman began working at Dixie Lumber in San Diego while his father, William Cowling Sr., was one of the owners. After a merger and a name change, the Cowling family sold Dixieline Lumber to Weyerhaeuser in 1979. Fifteen years later, in 1994, the family regained control of the company.
In 2003, the 90-year-old lumberyard chain was sold to Lanoga Corp. By then it had grown to a company with 10 locations serving most of Southern California, including a truss and component plant, a lumber distribution facility and a lumber shipping facility on the Columbia River in Oregon. Annual revenues were $230 million.
Cowling stayed on as a consultant for several years at Dixieline, which later became part of ProBuild. During his retirement, Cowling became active in law enforcement, becoming a reserve officer for the San Diego Police Department as well as the San Diego County Sheriff’s Department.
Cowling is survived by his wife Ovie, of 47 years, seven children, and 12 grandchildren.
NAWLA releases attendance figures for Chicago event
The North American Wholesale Lumber Association (NAWLA) saw attendance increase 3.5% at its NAWLA Traders Market in Chicago.
Overall attendance at the Nov. 3-5 event held in Chicago was 1,148, made up of almost equal parts producers and wholesalers, according to the group. (Click here for the complete attendee list.) Attendees represented nine countries.