QEP acquires Ludell and Imperial Industries
Published: 26 October 2012
Just one month after i
ts acquisition of Nupla, QEP has now taken on two more companies - Ludell and Imperial Industries.
Imperial Industries, which through its subsidiary Premix-Marbletite Manufacturing Co. is a manufacturer of plaster and roofing products, and the Ludell brand of striking tools have been distributed in the USA for over 100 years.
Ludell was acquired in connection with the QEP takeover of Nupla Corporation in September. The company operates out of two facilities equal to around 80,000 sq ft in the USA.
QEP's ceo European Operations Paul Boyce said: "The acquisition of Imperial Industries follows the QEP strategy to extend our reach into new markets, focusing on synergistic acquisitions that will position QEP for continued growth and long-term profitability.
"The addition of the Ludell brand of products complements the Nupla range of quality hand tools which will soon be available in the UK, providing additional market opportunities for QEP throughout the UK and Europe alongside the market leading Vitrex and PRCI brands of flooring and tiling tools & accessories."