QMI Acquires Roll-a-Way Storm & Security Shutters


ITASCA, Ill., Jan. 23 -- QMI, the largest manufacturer of rolling shutters for security and hurricane protection in North America, today announced it has acquired the assets of privately held Roll-a-way Storm & Security Shutters, a St. Petersburg, Fla.-based manufacturer and installer of storm and security shutters. Terms of the transaction were not disclosed.

The acquisition combines the two industry leaders in security and storm shutters and enables QMI to have an expanded presence in the Florida residential market. Roll-a-way, formerly a division of Valco Enterprises Ltd. Prime Marketing Group, historically has been the largest retailer and installer of hurricane shutters to homeowners in the United States, and its products are considered the best in the hurricane industry.

"This is QMI's first acquisition and an exciting milestone for our company," said Jim Miller, president and CEO of QMI. "This acquisition extends our portfolio of shutter products to include accordion, colonial and Bahama shutters. With more options to offer our customers, we hope to further advance our commitment to provide the most advanced security and storm solutions to the marketplace."

As the companies are integrated, customers will be the top priority, according to Miller. "We are committed to maintaining a high level of customer service and support," Miller said. "Ongoing customer communication will be very important as we go through this transition and we are already reaching out to customers to communicate our plans."

Roll-a-way will operate as a wholly owned subsidiary of QMI, specializing in sales and installations. QMI will maintain the sales office and manufacturing facility in St. Petersburg, Fla.

About QMI

QMI, headquartered in Itasca, Ill., manufactures security and storm rolling shutters and security product cases for commercial and residential applications throughout North America, Mexico and the Caribbean. QMI's products provide a stylish visual barrier to deter break-ins, reduce retail shrink and offer storm protection while being aesthetically pleasing and providing peace of mind. For more information about QMI, visit www.qmiusa.com/.

Source: QMI

CONTACT:
Kimberly Rice,
Manager, Marketing & Communication of QMI,
+1-630-529-7111,
krice@qmiusa.com

Web site: http://www.qmiusa.com/

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