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.”

Despite their modest sales, they had big ambitions and were confident that their product would impress the Sharks, who can significantly boost a company’s visibility and credibility. The founders’ effective pitch and the subsequent mentorship of Lori Greiner and Kevin O’Leary played key roles in the brand’s expansion and success. FiberFix is a popular and widely used product for various repair needs. FiberFix Shark Tank Update Its strong bond offers assurance that the repair won’t come undone, providing peace of mind to the user. FiberFix stands out as a remarkable repair solution because of its unique combination of strength, versatility, cost-effectiveness, and convenience. Company Name 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.

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? 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. Their sales soared as the product gained nationwide recognition. Lori Greiner, known as the “Queen of QVC,” lived up to her reputation and successfully got FiberFix featured on QVC, a popular home shopping network.

The success of FiberFix after Shark Tank is a testament to the product’s effectiveness and the power of the platform that the show provides.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.” 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’s commitment to innovation and its water-resistant alternatives to duct tape has solidified its position as a trusted brand. 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. 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. 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.Spencer and Eric then re-enter the Shark Tank, saying that they like the line of credit, but as a company that For FiberFix’s inventor, Brigham Young University student Spencer Quinn, the notion of a tape that “hardens like steel” came to mind initially during a routine doctor’s visit, when the physician relayed a story about how, instead of duct tape, he once used medical casting tape to temporarily repair his ATV. The method worked well enough to make it home. Quinn and his cousin, a mechanical engineer, then embarked on a long prototyping process that included testing as many as 50 variations. The final product, as Quinn describes, looked nothing like the medical bandages that inspired it. 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.