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PrimeSource Purchases Assets of All Island Exports, Inc.

Deal increases penetration of Grip-Rite brand into Caribbean, South and Central
American markets.


PrimeSource Building Products, Inc., the largest purveyor of fasteners to the construction market and one of the largest distributors of building products in North America, is purchasing the assets of All Island Exports, Inc., an independent wholesale distributor of building materials serving retailers throughout the Bahamas, West Indies, South and Central America. All Island Exports is headquartered in Pompano Beach, Florida.

"This acquisition is an important step in PrimeSource's growth and expansion into the global market," says Ken Fishbein, Co-Chief Executive Officer of PrimeSource. "Retailers in these markets will now have more choices and easier access to the industry's best products, plus the added value of superior customer service unmatched in the industry."

All Island Exports currently distributes doors, windows, building materials, roofing materials, door hardware, plumbing supplies, paint sundries, lawn and garden supplies, tools and hardware, electrical and lighting supplies, as well as fasteners, to the Bahamas, West Indies, and South and Central America.

"This acquisition fits well with our strategy to grow our customer base," says Fishbein. "All Island Exports' size and reputation in the industry will allow us to better serve our customers and expand our product offering to help grow our business in this region. PrimeSource's number one mission is to provide our customers with the market's broadest selection of quality building products."

Fishbein says customers of both PrimeSource and All Island Exports should expect normal business operations to continue through what is anticipated to be a seamless transaction. Existing All Island Exports customers will soon be able to purchase a larger assortment of building materials along with their usual orders. Terms of the acquisition were not disclosed.

About All Island Exports, Inc.
All Island Exports is a major distributor of building materials to the Bahamas, West Indies, and South and Central America. For more information, visit www.allislandexports.com or call (954) 677-9366.

About PrimeSource Building Products, Inc.
With 35 distribution centers throughout the USA and Canada and more than 1,100 employees, PrimeSource is the largest purveyor of fasteners to the construction market and one of the largest distributors of building products in North America, including gypsum, insulation, roofing, and steel reinforcing products.  PrimeSource proprietary brands include Grip-Rite and Pro-Twist Marker & Darts lines, which feature nails and screws; collated screws; collated fasteners, tools, compressors and accessories; winter protection products; wire fencing; steel products and concrete construction accessories; building materials; and more. For more information, please visit www.primesourcebp.com or call (800) 676-7777.

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