The SPEAR & JACKSON GROUP is delighted to announce that it has completed the acquisition of PRCI, S.A.S., a wholly owned subsidiary of Q.E.P. CO., INC. (OTCQX: QEPC) based in Florida, USA. Spear & Jackson Group Limited and Neill France, S.A. (part of the Spear & Jackson Group) have now completed the aquisition of the PRCI, S.A.S. business, which was was founded in France in 1984, and is a key player of tile and plumbing tools in the French market.
Famous Tiling and Plumbing Hand Tools
Spear & Jackson Group’s Chairman Simon N. Hsu, noted, “We have a long and proud history in France, crafting high quality garden hand tools from our base in Saint-Chamond. We are delighted to acquire PRCI and its famous tiling and plumbing hand tool brands to further enhance our professional hand and contractor tool activities in the French and European markets.
Len Gould, QEP’s President and Chief Executive Officer, noted, “This divestiture continues our strategy to refocus efforts and resources in North America. PRCI is in good hands with Spear & Jackson going forward, which will allow us to increase our force and focus on our markets here.”
The Spear & Jackson Group is a UK headquartered subsidiary of the Hong-Kong based SNH Global Holdings Limited (“SNH”), a diversified holding company with principal operating subsidiaries engaged in a numbers of diverse business activities around the globe. SNH products are sold in more than 100 countries around the world. Spear & Jackson Group with over 265 years of industrial heritage, employing approximately 500 people globally and with a history dating back since1760. It has 8 operating companies under three principal groups: Hand & Garden Tools, Precision Measurement and Magnetic Technologies.
The Spear & Jackson Group is celebrating 10 years of ownership. A note from our chairman Simon Hsu.
“A big congratulation to us for our 10th anniversary! Our first milestone…
When I acquired Spear & Jackson Group back on 30th of May 2014, I told the senior management then I would be a long-term investor (not sure how many of them believed me). I told them I am patient, and I will further invest to make our group more competitive and boost moral through proper management structure and incentives.
In the past 10 years, we have invested heavily in new plant and equipment in all of our operations, along with a complete office refurbishment at the Atlas headquarters. New initiatives like the Spear & Jackson licensing programme have caught traction and contributed significantly to the group’s bottom line. One of my favourite things has been the introduction of the popular annual Christmas party for all our colleagues, and our social and charity events as the Group has embraced its ESG responsibilities.
Stability of ownership has allowed our Group to grow, develop markets and gain brand momentum without distraction. Of course, we have been thrown a few curve balls during the past 10 years. Covid, the aftermath of the pandemic and even the blackout of the Atlas site when our transformer station was destroyed by a lorry, but we have got through it all, thanks to our resilient and dedicated colleagues.
Our job is not done, in fact it has just begun! While there’s plenty of adversity both geopolitically and economically, I am confident we can weather the storms with our people and our Group’s solid financial standing!
I want to thank you all once again! Happy Anniversary!!
Best Personal Regards, Simon
After last year’s successful team effort, employees from across the Spear & Jackson group are once again preparing to take on the punishing Sheffield Half Marathon in aid of the British Heart Foundation.
Taking place on Sunday 27th March 2022, with a city centre start and finish, a huge crowd of enthusiastic supporters will cheer participants out and back for the annual race.
This year, Team S&J will see an impressive team of 10 employees from across the group take on the half marathon, with runners from Eclipse Magnetics, Bowers Group and the Corporate Office joining in.
Head of HR for the Spear & Jackson Group, and Team S&J runner, Katie Weller, said: “Last year we managed to raise an incredible amount for The Children’s Charity, and this year we’re focusing our fundraising efforts on the British Heart Foundation. The BHF has the ability to change so many lives and we’re looking forward to hitting the hills of Sheffield once again for such a fantastic cause.”
If you’d like to sponsor our incredible team of superstars, please visit our Just Giving page, here.
