BOCA RATON, FL-- Q.E.P. Co., Inc. (OTC: QEPC.PK; the "Company") announced that it has completed the acquisition of the business of Flooring Trade Supplies (FTS), a key accessory distributor in Sydney, New South Wales.

Flooring Trade Supplies' operations will merge with the Company's existing Australian Flooring Supplies (AFS) accessory distribution business. Flooring Trade Supplies business includes the distribution of the Holdfast range of adhesives, which now will be sold exclusively through Q.E.P.'s Australian AFS network.

Bruce Maclaren, Managing Director of QEP Australia, said "this acquisition will strengthen our Australian Flooring Supplies operations and create a dominant market player in the New South Wales accessory business expanding our AFS trade centers to 16 nationally."