Boca Raton, Fla.—Q.E.P. recently announced that its wholly owned U.K. subsidiary, Q.E.P. Co. U.K. Ltd., has completed the purchase of the Plasplugs trade name and other assets of the Plasplugs business.
Founded in the early 1970s, Plasplugs’ first product was the general-purpose wall anchor. Today, its product range also includes fasteners, sharpeners, tiling tools and spacers, tile cutters and saws, knives, abrasives, electrical products and power tools.
Lewis Gould, the company’s chairman, said, “Combined with our 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 and power tools.”