Last year, PRCI had sales of approximately $3.2 million. The agreement is expected to be consummated prior to the end of October 2004. It will mark Q.E.P.'s third acquisition since the start of the fiscal year and its fifth acquisition in 12 months.
Q.E.P. acquires French flooring and specialty tools manufacturer
Q.E.P. Co. has entered into an agreement to acquire all of the shares of P.R.C.I. SA (PRCI), a French manufacturer and distributor of flooring and specialty tools to wholesale and retail markets.
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