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PrimeSource Building Products, Inc. Announces Acquisition
February 21, 2008
By Tamar Schreibman
 
Carrollton, TX, February 21, 2008 — PrimeSource Building Products, Inc., the country’s largest full-service wholesale distributor of building materials and purveyor of fasteners worldwide, has acquired 3-G’s Supply, a well-respected, family-owned building materials wholesaler headquartered in Strongsville, Ohio. The transaction closed today.

With the acquisition of the assets of 3-G’s Supply, PrimeSource now has acquired all rights to 3-G’s state-of-the-art distribution center in Strongsville, Ohio. PrimeSource has also acquired the assets of 3-G’s Supply East, located in East Brunswick, New Jersey. “The acquisition of 3-G’s Supply is going to fulfill a geographic need for PrimeSource," says Ken Fishbein, Co-Chief Executive Officer of PrimeSource. “3-G’s has been a very successful family-owned business for 34 years and has complimentary product lines to PrimeSource. They are a welcome addition that will positively benefit our company and clients as we continue to grow with a focus on securing well-developed market positions and supplier franchises. Our acquisition of 3-G’s Supply, which has substantial strengths in the building materials market segment, marks our entry into the important Cleveland, Ohio regional market. We believe that our rapidly expanding geographic presence, driven by strategic acquisitions such as 3-G’s Supply and our broad range of product offerings, are strengthening our ability to serve our national customer base. I am confident in the future of PrimeSource and 3-G’s Supply, and we appreciate the continued support of our customers, suppliers, and employees.”

Fishbein adds that customers and suppliers of both PrimeSource and 3-G’s should expect normal business operations to continue throughout the course of the transaction. PrimeSource Building Products, Inc. and 3-G’s Supply products and brands will continue to serve the market in their current form.

About 3-G’s Supply
Since incorporating in 1974, 3-G’s Supply, a closely held family-owned building materials wholesaler located in Cleveland, Ohio and East Brunswick, New Jersey has built their product offering from primarily fasteners to a more robust building materials supplier. For more information, please visit www.3gsupply.com or call (800) 421-2854.