COLUMBUS, Ohio--(BUSINESS WIRE)--Quality Products, Inc. (Pink Sheets: QPDC), a manufacturer and distributor of aircraft ground support equipment (“Columbus Jack” & “Regent Manufacturing”) and industrial products (“Multipress”, “Pacific Press”, & “Fenn”), today announced that it’s subsidiary, Columbus Jack Corporation, acquired all of the assets comprising the hydraulic jack manufacturing business of R.E. Atckison Co., Inc., of Azusa, CA. R.E. Atckison Co., Inc., will remain in the aircraft platform business. The terms of the acquisition were not disclosed.
Commenting on the transaction, David Somers, CEO of Quality Products Inc., stated, “This acquisition further enhances the product offerings of Columbus Jack. We anticipate we will continue to provide customers the same or higher level of service and quality they had come to expect from R.E. Atckison Co., Inc."
Quality Products, Inc., does not provide financial estimates for future periods.
Customers interested in contacting Columbus Jack should contact Karen Hart, President of Columbus Jack Corporation, at 614-443-7492.
This press release, other than the historical information, consists of "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995), which are identified by the use of words such as "believes", "expects", "projects", and similar expressions. While these statements reflect the Company's current beliefs and are based on assumptions that the Company believes are reasonable, they are subject to uncertainties and risks that could cause actual results to differ materially from anticipated results.