Q.E.P. CO., INC. (QEPC) recently announced that on Monday, March 4, 2013, it completed the acquisition of the Homelux and TileRite distribution businesses of Homelux Nenplas Limited. Homelux is a global supplier of tile accessories to the DIY and professional markets with a product portfolio that includes extruded plastic and metal tile trims, flooring profiles, bathtub seals, under-tile heating, crack isolation and waterproofing solutions.
Mr. Lewis Gould, Chairman of the Company’s Board of Directors, commented: “We are very pleased with the Homelux acquisition. Homelux is one of the brands that resonates with the global pro. This is part of our continuing strategy to acquire businesses that are profitable and complement our core U.S. business. We believe that the addition of Homelux will create for Q.E.P. a marketing theme where the customer will buy key brand names and a complete selection from Q.E.P. in several categories. The acquisition of Homelux is continuing this strategy.”