PrimeSource Brands acquired Axxis, a provider of fastening tools and collated fasteners. Axxis, which goes to market under the Complete and KlinchPak brands, primarily serves STAFDA distribution and packaging houses.
Axxis is a distributor of third-party fastening tools and fasteners for industrial, packaging, and wood-to-wood applications.
PrimeSource said Axxis will “further enhance” the company’s portfolio of branded fasteners and related fastening tools. Axxis CEO Carl Schneider will remain involved as part of the PrimeSource team focused on accelerating Axxis’ growth.
“We look forward to enhancing our pneumatic fastener portfolio with the acquisition of Axxis, which will provide both a broader offering to existing customers and entree to new customer segments for PrimeSource,” Tom Koos, president and CEO of PrimeSource, said in a news release. “We remain committed to delivering the broadest array of value-added products and services to our increasingly diversified customer base.”
The transaction is PrimeSource’s fourth acquisition under the ownership of Clearlake Capital Group, including the acquisition of Wolf Home Products, a building products distributor and manufacturer, in June of 2021 and NWI Enterprises, a provider of branded specialty hardware for outdoor residential applications, in May 2021.
PrimeSource Brands is a provider of specialty branded residential building products, with a product offering spanning more than 60,000 SKUs, including construction fasteners, cabinet knobs and pulls, fence and gate hardware, railing systems and infill, and perimeter security solutions. The company serves customers through 56 distribution centers in 31 states.
