Marquis Industries (Live Ventures) Acquires Harris Flooring Group Brands from Q.E.P.
September 20, 2023
Marquis Industries, a subsidiary of Live Ventures Incorporated, acquired the Harris Flooring Group brands (Harris, Kraus, Naturally Aged Flooring and Heritage Mill Wood Flooring) from Q.E.P. Co., Inc. on September 20, 2023 for approximately $10 million. The deal includes inventory and the book of business, and Marquis intends to retain substantially all Harris Flooring Group employees and sales representatives, effectively doubling Marquis' salesforce and expanding its flooring manufacturing portfolio.
- Buyers
- Marquis Industries, Inc., Live Ventures Incorporated
- Targets
- Harris Flooring Group (brands: Harris, Kraus, Naturally Aged Flooring, Heritage Mill Wood Flooring)
- Sellers
- Q.E.P. Co., Inc.
- Industry
- Building Products
- Location
- Tennessee, United States
- Transaction Type
- Divestiture
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