Marquis Industries, Inc. acquired Harris Flooring Group from Q.E.P. Co., Inc..
September 20, 2023
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Marquis Industries, Inc. acquired Harris Flooring Group from Q.E.P. Co., Inc. (OTCPK:QEPC) on September 20, 2023. The transaction was valued at $10 million.
Marquis Industries, Inc. completed the acquisition of Harris Flooring Group from Q.E.P. Co., Inc. (OTCPK:QEPC) on September 20, 2023.
Q.E.P. Co., Inc. is a designer, manufacturer, and distributor of a range of flooring and installation solutions for commercial and home improvement projects around the world. The Company operates through two segments: North America and Europe. The Company offers a comprehensive line of specialty installation tools, adhesives, and underlayment. The Company sells its products throughout the world to home improvement retail centers and professional specialty distribution outlets under brand names, including QEP, LASH, ROBERTS, Capitol, Premix-Marbletite (PMM), Brutus, Homelux, PRCI, and Tomecanic. The Company's specialty tools, and related products are sold through the Company's sales staff; independent manufacturing representatives; outside salaried and commissioned sales representatives; an in-house telemarketing sales force, and e-commerce.