Eventually, Quinn says he’d like his invention to become nothing short of a household brand, to the point where instead of people telling others to “duct tape it” they’ll say “just FiberFix it.” FiberFix allows you to repair expensive tools and equipment, saving you considerable money. Additionally, FiberFix is a compact and portable solution that can be easily stored for emergency repairs, making it a practical item in any toolkit. In 2018, FiberFix’s parent company was acquired by JB-Weld Company, further strengthening its position in the market. FiberFix is available in over 20,000 retail locations worldwide. The idea for FiberFix came to Quinn when a friend told him about a homemade solution to repair broken tools using medical-grade casting tape, the kind used for casting broken bones.

The product line also expanded, branching out from the original repair wrap to include other repair and maintenance solutions. New products, such as heat wrap for high-temperature applications and a repair patch, were introduced. This expansion catered to a wider range of repair needs, further solidifying FiberFix’s position in the market. The company collaborated with Home Depot, QVC, Ace Hardware, Lowe’s, Walmart, and True Value Hardware Stores. These partnerships helped FiberFix increase its reach and make its products available globally in over 20,000 retail locations. The acquisition by JB-Weld has contributed to FiberFix’s ongoing success and global presence. With its products available in over 50,000 stores, FiberFix remains a prominent player in the adhesive tape market. This allows it to be used in households and industries such as construction, auto repair, and camping. FiberFix’s cost-effectiveness is one of the primary reasons for its popularity.They recognized the potential of their product but needed a way to reach a broader audience. Shark Tank offered the perfect platform for this. FiberFix is a permanent bonding fabric designed to create a permanent bond under the most demanding conditions. FiberFix is made from a waterproof, heat-resistant, and strong adhesive fabric. There probably isn’t anyone who hasn’t had something that that has become broken that could still be repaired, if of course they had the right repair solution. This is what Fiberfix is all about. It is a repair adhesive that is supposed to work in a whole lot of different situations. The question is does it work, and for how long? This was largely due to Lori’s QVC connections and Kevin’s financial expertise, which they believed would be invaluable in taking FiberFix to a larger market.

FiberFix continues to thrive as a successful venture from Shark Tank and remains actively involved in producing and distributing its repair products. What Is the Net Worth of FiberFix? Despite Mark Cuban also showing interest and offering a similar deal, the FiberFix founders ultimately chose to accept the deal from Lori Greiner and Kevin O’Leary. The appearance on Shark Tank was a pivotal moment for FiberFix, propelling the brand to significant heights in the years following the show. Kevin O’Leary was initially skeptical about FiberFix’s market potential, wondering if customers would trust a tape to be as strong as it claims. However, the demonstration won him over.This definitely isn’t some re-purposed form of medical tape, which doesn’t bond, nor is moisture-proof,” Quinn says. “And you have no idea how difficult it was finding a resin that would bond to metal and wood.” This adhesive fabric is durable and resistant to harsh conditions, which makes it ideal for heavy-duty repair jobs. This versatile repair wrap is available in various sizes and can be easily molded and shaped to fit any repair job. With FiberFix, you can say goodbye to costly repairs and hello to a hassle-free fix that will stand the test of time. Who Is The Founder Of FiberFix? In 2018, FiberFix’s parent company was acquired by JB-Weld Company, which included all varieties of FiberFix tape. This acquisition further boosted FiberFix’s presence and distribution channels.

The tape is made of a special waterproof resin and industrial fibers, which make it resistant to heat, cold, and impact. Its bonding capability layer by layer sets it apart from traditional duct tape, and it has been utilized to repair various items such as hot tubs and leaky pipes.After appearing on Shark Tank, FiberFix saw a substantial increase in its business. The exposure from the show, along with the investment and mentorship from Lori Greiner and Kevin O’Leary, propelled the company to new heights. We wanted to make sure we didn’t put a lot of time and effort into something that wasn’t going to be in demand,” Quinn says. “The amazing thing we discovered was that its something that’s so universal; it’s people who bought it from us that taught us all the different ways it can be used.” Overall, FiberFix’s journey after Shark Tank has been a success story. The company’s acquisition, partnerships with major retailers, and global availability have contributed to its growth and recognition as a widely recognized household brand. Is FiberFix Still In Business?

Once activated, the user wraps the broken object tightly and waits about 10 to 15 minutes. During this time, the resin hardens, resulting in a firm, durable repair. This remarkable feature allows users to fix their items without expert knowledge or skills in mending or repairing. The wrap is incredibly versatile and can be used in different environments. It’s heat and cold resistant, waterproof, and suitable for various materials, including metal, wood, plastic, and more. Spencer Quinn and Eric Child appeared on the fifth season of Shark Tank, which aired on October 25, 2013, to present their unique product, FiberFix. They began their pitch with a well-orchestrated demonstration, cutting through a shovel handle with a saw and then repairing it with their FiberFix tape. So far, FiberFix has been used to repair damaged hot tubs, bedposts, bar stools and leaky pipes. The company, however, is careful to warn that it won’t work on every break (so don’t throw out that roll of duct tape yet). It isn’t meant, for example, to serve as a patch since the tape’s strength is formed from being able to bond to itself, layer by layer. And even though users would be able to sand and paint over the product without compromising its integrity, the thing is almost impossible to get it off. So, don’t use it as an arm cast. Or, as Quinn explains, think of it as something that’s designed to be a long-term fix.Quinn was intrigued by the idea and saw its potential for a wider range of applications. Seeing an opportunity to create a product that would be both useful and cost-saving, Quinn set to work on developing a stronger, commercially viable version of this homemade repair solution. The FiberFix founders had a compelling pitch, showing their product’s efficacy, sharing their modest success in regional sales, and demonstrating the huge potential market.