Q.E.P. CO., INC. COMPLETES ACQUISITIONS
Boca Raton, FL July 12, 2012 – As part of the Company’s strategy of growing sales outside of its traditional distribution channels, the Company announced the completion of two acquisitions during the month of June.
Both of the acquisitions strengthen the “Made in the USA” story that QEP is proud to share. With these acquisitions, the Company now boasts over 775,000 square feet of manufacturing footprint operating out of ten facilities in seven states.
The Company acquired Nupla Corporation and HISCO (operating collectively as “Nupla”). Nupla manufactures and distributes professional grade, fiberglass-handled, specialty industrial-grade hand tools. The pioneer and innovator of TCP pultruded Nuplaglas®, Nupla produces the strongest and safest fiberglass-handled striking, digging, cutting, and fire tools available. The Company operates out of two facilities totaling approximately 80,000 square feet in Sun Valley, California and Oklahoma City, Oklahoma.
Additionally, the Company also acquired the assets of a prime US supplier which is a manufacturer of injection molded products, including trowels, spacers and other products that previously were supplied to the Company and to the supplier’s other USA-based customers. This new manufacturing capability will provide new market opportunities for the Company worldwide and will serve to supply our non-USA operations. “Both of these acquisitions follow the path of the Company’s strategy to extend our reach into new markets.
With Nupla’s strong presence in the industrial tools markets and non-flooring related industries it opens a whole new world of opportunities,” said Jamie Clingan, Sr. VP Marketing. “Additionally by adding to our already existing capabilities of being a prime manufacturer of key components to our core flooring markets, it strengthens our commitment and ability to continue to be a “full-line” supplier to the flooring trades.”
For more information, please visit our websites: www.qepcorporate.com, www.nuplacorp.com and www.hisco-okc.com/home.asp