Q.E.P. CO., Inc. has recently closed the deal on its acquisition of Plasplugs, which includes its trade name and other assets.
"Combined with the company's recent purchase of the Homelux business, the Plasplugs products will further enhance the global QEP product offering by adding another established range of fasteners, tiling tools and power tools," said Lewis Gould, chairman of Q.E.P.'s board of directors.
Q.E.P., a worldwide manufacturer of flooring and industrial solutions, stands to benefit from the purchase of the wall anchor company, which also deals in fasteners, sharpeners, tiling tools, tile cutters, saws, knives, abrasives, electrical products and power tools.