HALEX: Q.E.P. Co., Inc. Announces Acquisitions

BOCA RATON, Fla., April 27, 2017 (GLOBE NEWSWIRE) -- Q.E.P. CO., INC. (OTC:QEPC) announced today the acquisition and asset purchase of several companies.Q.E.P. Co., Inc. has acquired from GCP Applied Technologies Inc. certain of the U.S. based assets that they acquired with Halex Corporation, a supplier of tack strip and underlayment flooring products. Halex had been one of the leaders in this technology and products for a number of years. Q.E.P. Co., Inc. has assumed the leased locations in Ontario, California and Bensalem, Pennsylvania as manufacturing and distribution sites for the Halex products. Lewis Gould, Chairman and Chief Executive Officer of Q.E.P. Co., Inc. commented: "The addition of these products for our industrial and distribution channels enhances Q.E.P.'s product line as category leaders in the floor covering and installation business. For further information please participate in our investor conference call which will be held at the end of ...Full story available on Benzinga.com