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. 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 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.

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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.

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. Before their appearance on Shark Tank, Quinn, and Child were selling FiberFix on a relatively small scale. The co-founders were doing demonstrations in local hardware stores and had managed to get their product into a few regional chains. As for the company’s claim touting the tape’s strength, Quinn admits “100 times” was simply a catchier way to market the product since, in reality, he says FiberFix is actually even “significantly stronger.” To test their invention’s properties head-to-head with duct tape, the two used BYU’s engineering lab, where they subjected both to what’s called a three-point flexural load test, in which two pieces of wrapped galvanized steel were placed under a hydraulic press to measure how much weight they could withstand. FiberFix’s score? 2,000 pounds. Duct tape? 100. 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.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. 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. FiberFix’s main feature is the ability to harden like steel upon proper application, providing a long-lasting, stronger fix than the original item.

FiberFix was co-founded by Spencer Quinn and Eric Child. The story of FiberFix begins with Spencer Quinn, who studied business strategy at Brigham Young University and later started a business importing products from Asia and selling them in the United States. 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 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 success of FiberFix after Shark Tank is a testament to the product’s effectiveness and the power of the platform that the show provides.

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. 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. 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 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.