Q.E.P. Acquires Plasplugs
Plasplugs produces wall anchors, sharpeners, tile tools and saws, abrasives, electrical products and power tools.
Q.E.P. CO., INC. (Pink Sheets: QEPC) today announced that on Friday, June 21, 2013 its wholly-owned UK subsidiary, Q.E.P. Co. U.K. Limited, completed the purchase of the Plasplugs trade name and other assets of the Plasplugs business.
Founded in the early 1970s Plasplugs first product was the general purpose wall anchor. Today the product range also includes fasteners, sharpeners, tiling tools and spacers, tile cutters and saws, knives, abrasives, electrical products and power tools.
Mr. Lewis Gould, Chairman of the Company's Board of Directors, commented: “Combined with the Company’s recent purchase of the Homelux business, the Plasplugs products will further enhance the global QEP product offering by adding another established range of fasteners, tiling tools and power tools.”
Q.E.P. Co., Inc., founded in 1979, is a leading worldwide manufacturer, marketer and distributor of hardwood flooring, flooring installation tools, adhesives and flooring related products for professional installer and DIYers. In addition the company provides industrial tools. Under brand names including QEP, ROBERTS, Capitol, Harris Wood, Vitrex, Homelux, PRCI, Nupla, HISCO, Ludell, Porta-Nail and Elastiment, the Company markets over 5,000 products. Learn more at www.qep.com.
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