Marietta, Georgia-based J-B Weld Co., a developer and marketer of adhesives for the do-it-yourself consumer, has purchased the FiberFix business unit from Spark Innovation LLC in American Fork. FiberFix manufactures pre-impregnated repair wraps, repair tapes, specialty adhesives and patches sold under the FiberFix, Heat Wrap, Rigid Patch, Flex Patch and 10X Tape brand names.{mprestriction ids="1,3"}
Eric Child, CEO of Spark Innovation, said, “FiberFix first appeared on 'Shark Tank' in 2013 and within five years has grown into a full family of products available in over 20,000 retail locations around the world. We believe J-B Weld is the perfect company to lead FiberFix repair solutions to incredible long-term success.”
“We’re excited and pleased to add the FiberFix family of products to our portfolio,” said Chip Hanson, chairman and CEO of J-B Weld. “Since their market launch in 2012, and successful debut on ABC’s reality show ‘Shark Tank,' Reed Quinn, Eric Child and the FiberFix team have grown an innovative new category of products and business that we will continue to develop and grow through our larger customer base, additional channel breadth and category-building marketing efforts.”
“We’re very proud of J-B Weld’s 50-year heritage, with continued sales growth driven by American-made quality and innovation,” Hanson said. “We’re continuing to strategically invest to expand our company and brand in multiple ways, as evidenced by this acquisition.”
Spark Innovation is a consumer product holding company and innovation incubator that provides venture capital and operating assistance to develop emerging consumer product brands. Other Spark holdings include ScreenMend, Wall Doctor, Illumibowl and CoverGrip.
J-B Weld is an employee-owned company founded in Sulphur Springs, Texas, in 1969. {/mprestriction}
