Boca Raton, Fla. – Q.E.P. announced yesterday that on Monday, March 4, 2013, it completed the acquisition of the Homelux and TileRite distribution businesses of Homelux Nenplas Limited. Homelux is a leading global supplier of tile accessories to the DIY and professional markets with a product portfolio that includes extruded plastic and metal tile trims, flooring profiles, bathtub seals, under-tile heating, crack isolation and waterproofing solutions.
Lewis Gould, chairman of Q.E.P.’s board of directors, commented: “We are very pleased with the Homelux acquisition. Homelux is one of the brands that resonates with the global pro. This is part of our continuing strategy to acquire businesses that are profitable and complement our core U.S. business. We believe that the addition of Homelux will create for Q.E.P. a marketing theme where the customer will buy key brand names and a complete selection from Q.E.P. in several categories. The acquisition of Homelux is continuing this strategy.”
Boca Raton, Fla. – QEP has been named as the exclusive authorized distributor of Homelux products in North America. QEP will represent the full line of Homelux-branded products and accessories throughout the United States, Canada, Mexico and the Caribbean region.
Homelux is a leading international brand of tile trims, tile accessories and tiling tools based in Ashbourne, United Kingdom. They boast a large SKU assortment across multiple categories including tile trims and seals, under tile heating, waterproof matting, crack suppression, wet rooms and glass mosaics. They have market penetration in the UK and European professional outlets as well as the major retailers throughout these regions.
“We are excited to partner with a dynamic company such as Homelux,” said Jamie Clingan, senior VP of marketing, QEP. “The superior collection of the Homelux range of products combined with the strength of QEP’s existing product lines and market penetration is a combination for success for both companies.”