Quest Industries, Inc. Announces Sale of Assets
New Firm to be Called Redline Quest Products
MIAMI, May 21 -- Quest Industries, Inc., today announced the sale of all of its assets to an affiliate of Hartford Computer Group, Inc., a privately held corporation with various holdings in financial, manufacturing and consumer product distribution and marketing.
Through Hartford's financial and managerial resources, Redline Quest Products plans to solidify its own Quest Redline brand recognition while continuing to keep the company's sales and business development efforts on track.
"Quest is looking forward to an exciting future with the Hartford group," said Peter Charet, president of Quest. "Their strong operational and financial resources will enable Redline Quest Products to better serve existing and new customers, and return the company to profitable growth."
With a strong emphasis on product development and with a wide range of products that numbers nearly 1,000 SKUs, Quest became a leading manufacturer in the automotive after market. This acquisition will ensure that the trend will continue into the future.
"We look forward to building upon the strong customer foundation and brand recognition that Quest has established through the years," commented Tony Graffia Jr., president of Hartford. "With this transaction, Quest can continue to service its customers seamlessly, and provide superior products into the future."
Hartford Computer Group, http://www.hcgi.com/ , was founded in 1978. Since entering the technology industry as a mainframe leasing company, Hartford has evolved into an organization specializing in technology services, IT asset management, IT equipment, and eCommerce solutions. Hartford Computer Group operates multiple business units including: Hartford Technology Services, Surplus Village, Hartford Distribution, Enable Systems, and a consumer products division which sells Argus Cameras, VisionTek PC enhancement products, and INKE inkjet auto refill systems.