PrimeSource Brands, a building products provider backed by Clearlake Capital Group, has purchased Axxis, a provider of fastening tools.
Axxis is home to the Complete and KlinchPak brands and is a distributor of third-party fastening tools and fasteners for industrial, packaging, and wood to wood applications. The transaction will enhance PrimeSource’s portfolio of branded fasteners and related fastening tools. PrimeSource Brands provides residential building products, and PrimeSource offers more than 60,000 SKUs, including construction fasteners, cabinet knobs & pulls, and fence & gate hardware.
“We are excited to join the PrimeSource team, and we look forward to leveraging the strengths of their operational expertise to expand and grow the excellent products and services our customers have come to expect from Axxis,” said Carl Schneider, CEO of Axxis. “This is a milestone to be celebrated and we look forward to the next chapter of growth with PrimeSource.”