Boca Raton, FL, Jan. 13--Q.E.P. Co., Inc. today announced that it has acquired the assets of two overseas companies: Vitrex Ltd. of England and Purchistics of Dublin, Ireland.
Vitrex is a 60 year old manufacturer of ceramic tile tools and protective equipment. Vitrex's 2003 sales were approximately $8 million. Its products are sold to both the do-it-yourself and professional markets. Lewis Gould, Chairman and Chief Executive Officer of Q.E.P. commented, "Vitrex, with its major home center customers in the United Kingdom, will provide Q.E.P. with additional profitable growth and continue Q.E.P.'s mission of being the largest full line supplier of flooring accessories in the world.
"Purchistics, with 2003 sales of approximately $1 million, is a distributor of ceramic tile tools and will add major customers to our European customer base. Both of these Companies will be able to utilize Q.E.P.'s worldwide distribution system."
