Boca Raton, FL, August 5--Q.E.P. Co., Inc. (Nasdaq:QEPC) has acquired substantially all the assets of Tuplex Corporation of Naperville, Illinois.
Tuplex manufactures and distributes Harmony and Tuplex brands of underlayment for use under all laminate and engineered hardwood floating floors.
The Harmony product provides a moisture barrier, increases comfort underfoot, and reduces the noise associated with floating floors. Sales for Tuplex during its latest fiscal year were approximately $1.4 million. Terms of the acquisition were not disclosed.
Lewis Gould, chairman and chief executive officer, commented that this acquisition increases the product offerings Q.E.P. can provide to worldwide distribution and home center customers.
Q.E.P. Co., Inc., founded in 1979, is a leading manufacturer, marketer and distributor of a broad line of specialty tools and accessories for the home improvement and professional installer markets.
Under brand names Q.E.P., Roberts, Q-Set and O'Tool, Q.E.P. markets approximately 3,000 products used primarily for the surface preparation and installation of ceramic tile, carpet, and vinyl. The company sells its products to large home improvement retail centers, as well as traditional distribution outlets in 50 states and 49 countries worldwide.
