QEP UK Holdings Ltd Announces Management Buyout Of QEP UK

QEP UK Holdings Limited (“QEP-UK”) is pleased to announce the successful acquisition from its US owner Q.E.P. Co., Inc. (“QEP-US”) of all QEP’s UK business units. QEP-UK is a worldwide leading designer, manufacturer and distributor of a broad range of best-in-class tiling, flooring and underlay installation solutions for commercial and home improvement projects.

As a result of this transaction, the UK Business is now owned by the Boyce Family Group, Paul and Sarah Boyce have been associated for many years with some of these industry leading brands. Paul has been a member of QEP’s group management team for the past 14 years, having most recently served on the US Board of Directors as CEO of International Operations. 

QEP-UK, the home of leading Tiling, Flooring and Hardware home improvement brands, will continue to be led by Paul Boyce as its CEO. The acquisition will allow QEP-UK to focus on its key business units, product categories and portfolio of highly recognised home improvement brands such as QEP®, Roberts®, Vitrex®, Tile Rite®, Plasplugs®, Homelux®, XPS Foam™ and Kraus®. QEP-UK will continue to concentrate on the needs of UK DIYers, Contractors and Professionals, growing through both UK-focused and worldwide innovation.

Paul Boyce, CEO of QEP UK Holdings Limited, said: “This acquisition is a significant milestone for our company and for me personally, having started my career in the industry over 30 years ago and having worked closely with all of these brands throughout that period. As we embark on this new chapter, I am really excited about the opportunities to build on this successful foundation, leveraging our combined strengths with QEP-US to drive greater success and deliver even more value to our customers and stakeholders.”

“We recognise the tremendous value that the QEP-US business has delivered to the UK operation over the past two decades through its well-known brands, strong market presence and long history of excellence. We look forward to maintaining a close strategic partnership with QEP-US in the years ahead.”

QEP-UK is headquartered in Burton on Trent with distribution and manufacturing locations in the Midlands, North West and North Wales, and will continue to provide UK national and trade home improvement customers with their successful Tiling, Flooring, Underlay and Hardware brand portfolios.

Source : QEP-UK

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