Live Ventures acquires Harris Flooring Group brands from Q.E.P.

Live Ventures announced that its subsidiary Marquis Industries has acquired the Harris Flooring Group brands from Q.E.P. The Harris Flooring Group comprises four major flooring brands: Harris, Kraus, Naturally Aged Flooring, and Heritage Mill Wood Flooring. On September 20, 2023, Marquis Industries acquired the Harris Flooring Group brands, inventory, and book of business and intends to retain substantially all Harris Flooring Group employees and sales representatives. The transaction, valued at approximately $10M, is set to double Marquis Industries’ salesforce and is expected to significantly impact Marquis Industries and its operations while contributing substantial revenues. “As part of the growth strategy for our flooring manufacturing segment, we are excited to announce the acquisition of the Harris Flooring Group by our subsidiary, Marquis Industries,” said Jon Isaac, President and Chief Executive Officer of Live Ventures. “We believe the acquisition will be very synergistic and add significant revenues to Marquis Industries.”