Acquisitions expand QEP's presence in tool and building materials markets.
Q.E.P. Co., Inc. announced today the purchase of the assets related to the Ludell brand of striking tools. Ludell tools have been distributed in the U.S. for over 100 years and will continue to be manufactured and distributed in the USA from the company’s Oklahoma City, OK facility acquired in connection with its acquisition of Nupla Corporation earlier this year. This acquisition strengthens the "Made in the USA" story that QEP is proud to be a growing part of.
Earlier this year the Company acquired Nupla Corporation and HISCO (operating collectively as “Nupla”). Nupla manufactures and distributes professional grade, fiberglass-handled, specialty industrial-grade hand tools.
"The addition of the Ludell brand of products provides a great complement to the both the Nupla and Hisco brands and follow’s the path of the Company's strategy to extend our reach into the hand tool and lawn and garden markets.,” said Jamie Clingan, Sr. VP Marketing. "With either its signature yellow fiberglass handles or finely finished hardwood handles, Ludell offers a complete line of sledge hammers, drilling hammers, axes, mauls, log splitters and more that cater to both the Professional and DIY markets."
Q.E.P. Co., also announces that it acquired Imperial Industries, Inc., which through its subsidiary, Premix-Marbletite Manufacturing Co., is engaged in the manufacture and distribution of pool, stucco, plaster and roofing products to building materials dealers, contractors and others, primarily in the State of Florida and to a lesser extent, the rest of the Southeastern United States and the Caribbean, with facilities in the State of Florida. Imperial Industries, Inc. is now a wholly owned subsidiary of QEP.
Lewis Gould, Chairman of the Company's Board of Directors, commented: "The acquisition of Imperial Industries, Inc. continues the commitment we made to the business and to our shareholders to focus on synergistic acquisitions that will position the Company for continued growth and long-term profitability. This acquisition is key to strategically expanding the Company’s domestic manufacturing capability, amplifying its market reach by servicing the building material industry and developing a market position in specialty products."
Learn more at www.qep.com