MONTREAL, (QUEBEC), June 29th, 2020 – Cobra Anchors, North America's leading anchor manufacturer, is proud to announce the conclusion of another supply agreement with the American home renovation giant THE HOME DEPOT INC. (NYSE) in all of its 2,000 stores across the United States. This agreement covers the PARAWEDGETM line of masonry anchor products proudly manufactured at its Temple, Pennsylvania, USA plant. PARAWEDGETM products proudly carry the ICC ESR-3652 accreditation. This is in addition to the other lines of TripleGripTM, DrillerToggleTM and FlipToggleTM hollow wall anchors that have already been distributed in all of the retailer's stores for the past 8 years and are produced at its Montreal, Quebec, Canada plant.
« The completion of this supply agreement is an important milestone in our growth strategic plan », said Pierre R. McDuff, Cobra Anchors owner. « I am proud to support the manufacturing market in Canada and the United States and this type of partnership encourages me to continue to invest in my company while benefiting the entire community of Ville D'Anjou, Quebec and Temple, Pennsylvania. »
« This is an exciting chapter for Cobra Anchors and I am proud to be able to work on a daily basis with a strong company that serves the majority of U.S. customers in all 52 states from coast to coast », said William B Crossley, Cobra U.S. Sales Vice President.
This supply agreement required an investment of more than $3.2 million and will generate more than 21 new jobs at the Temple, Pennsylvania plant.