"We are very pleased with the Homelux acquisition," Lewis Gould, Chairman of the Company’s Board of Directors, commented. "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."