The 2020 Mid-Year Economic Update_long

Q.E.P. Acquires Plasplugs Trade Name

Plasplugs manufactures fasteners, abrasives, electrical products and power tools.

Q.E.P. Co. Inc. (Pink Sheets: QEPC), Boca Raton, FL,  through its wholly-owned UK subsidiary, Q.E.P. Co. U.K. Ltd., has acquired the Plasplugs trade name and other assets of the Plasplugs business.

Plasplugs’ first product was the general purpose wall anchor. Today the product range also includes fasteners, sharpeners, tiling tools and spacers, tile cutters and saws, knives, abrasives, electrical products and power tools.

Lewis Gould, chairman of the company's board of directors, said that combined with the company's recent purchase of the Homelux business, the Plasplugs products will further enhance the global QEP product offering.

Manufacturer Q.E.P. Co. Inc. is a worldwide provider of flooring and industrial solutions. QEP delivers a comprehensive line of hardwood flooring, flooring installation tools, adhesives and flooring related products targeted for the professional installer as well as the do-it-yourselfer. In addition the Company provides industrial tools with cutting edge technology to all of the industrial trades.

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