Acme United acquisition history

Acme United purchased selected inventory and intangible assets of Clauss Cutlery, a maker of high-quality scissors, shears and other cutting products. The deal added a range of industrial and floral cutting lines and brought over several Clauss sales and marketing staff. Clauss generated roughly $200,000 of revenue in its first month under Acme ownership. approximately $450,000.

The purchase of Clauss provides us a new range of high quality cutting products, and many new industrial and floral customers.Walter C. Johnsen — President and CEO, Acme United

Acme United acquired the accounts receivable, inventory, equipment, brands and historical records of Pac-Kit Safety Equipment Company, a manufacturer of first aid kits for the industrial, safety, transportation and marine markets. Founded in 1890, Pac-Kit produced unitized ANSI kits from a 40,000-square-foot FDA facility in Norwalk, CT and employed 33 people. Its 2010 revenues were about $5.4 million.

We are very excited about the purchase of Pac-Kit. It is an extension of our PhysiciansCare line of first aid kits and refills, and it broadens both our customer base and product range. We believe we can leverage our combined purchasing and operations, and generate superior performance and value for our customers.Walter C. Johnsen — Chairman and CEO, Acme United

Acme United acquired substantially all the assets of First Aid Only, Inc. of Vancouver, WA, a supplier of SmartCompliance first aid kits, refills and safety products that meet regulatory requirements across many industries. First Aid Only pioneered consultative selling of first aid items to large corporate customers and had 2013 revenues of $17.3 million with about 100 employees. The purchase included inventory, equipment, accounts receivable, patents and trademarks.

The first aid and safety market has been growing due to corporate emphasis on the safety of employees, regulations that require first aid kits, and new products that control bleeding and treat burns. Combined first aid, safety, and over the counter medications revenues at Acme United are expected to be approximately $40 million in 2014.Walter C. Johnsen — Chairman and CEO, Acme United

Acme United acquired the assets of Vogel Capital, Inc., doing business as Diamond Machining Technology (DMT), a Marlborough, MA maker of diamond sharpening tools for knives, scissors, chisels and other cutting tools. Founded in 1976 by aerospace engineers, DMT uses finely dispersed diamonds on its sharpener surfaces and holds over 50 patents and trademarks. It had 2015 revenues of $5.4 million and about $1.0 million of EBITDA.

We are delighted to welcome DMT's employees into our corporate family. DMT complements Acme United's existing brands and products within the industrial, hardware, floral, food preparation and sporting goods markets. We intend to keep the DMT operation in Massachusetts, and expect to expand the business and distribution.Walter C. Johnsen — Chairman and CEO, Acme United

Acme United acquired the assets of Spill Magic, Inc., a leader in absorbents that encapsulate spills into dry powders that can be safely disposed. Large retail chains use its products to remove liquids from broken glass, oil and gas spills, bodily fluids and solvents, and it also sells spill clean-up and blood-borne-pathogen kits. Based in Santa Ana, CA and Smyrna, TN, Spill Magic began operating in 1995, employed 22 people, and had 2016 revenues of $6.3 million with about $1.4 million of EBITDA.

Spill Magic complements Acme United's existing products within the office, industrial, retail, food service, and safety markets. We intend to keep the Spill Magic operations at their current locations.Walter C. Johnsen — Chairman and CEO, Acme United

Acme United's Canadian subsidiary acquired the assets of First Aid Central, a Laval, Quebec supplier of first aid kits, refills and safety products sold to a broad range of industries and end users. First Aid Central had 2019 revenues of approximately C$4.3 million. The purchase price was not disclosed.

Acme United acquired the assets of Med-Nap LLC, a Brooksville, FL manufacturer of alcohol prep pads, alcohol wipes, benzalkonium chloride (BZK) wipes, antiseptic wipes, castile soap and lens-cleaning products. Founded in 2007, Med-Nap employed 25 people and had estimated 2020 revenues of about $4.9 million with roughly $1.0 million of EBITDA. The purchase price was not disclosed.

The acquisition of Med-Nap's business provides our company with an FDA-registered manufacturing facility in the U.S. for antiseptic wipes and pads that are used in all our first aid kits and refills. In addition, it adds new product lines of alcohol wipes that are sold to the retail, industrial, and medical markets.Walter C. Johnsen — Chairman and CEO, Acme United

I, too, am very pleased with our combination with Acme United. I see a major opportunity working with them.Pierre Sanfacon — Founder and President, Med-Nap

In September 2023 Acme United acquired Hawktree Solutions, Inc., which holds the exclusive license for first aid, safety and survival products carrying the Canadian Red Cross brand. Hawktree extends Acme's product line into disaster-response categories addressing fires, floods and earthquakes, and operates from Acme's facilities near Montreal. Terms were not disclosed.

In September, we acquired Hawktree Solutions, Inc., which has the exclusive license for first aid, safety, and survival products with the Canadian Red Cross. Hawktree will expand our product line to address devastating fires, floods, and earthquakes.Walter C. Johnsen — Chairman and CEO, Acme United

On May 23, 2024 Acme United acquired the assets of Elite First Aid, Inc., a Wake Forest, NC supplier of tactical, trauma and emergency response products. Elite First Aid had 2023 revenues of approximately $4.2 million. Terms were not disclosed.

Sales in the second quarter of 2024 were strong. We had significant market share gains and sales growth in first aid.Walter C. Johnsen — Chairman and CEO, Acme United

Acme United acquired the assets of SLED Distribution, LLC (d/b/a My Medic) and its affiliate Rapid Medical, LLC, a North Salt Lake, UT supplier of tactical, trauma and emergency-response products sold primarily direct-to-consumer, plus tourniquets and related products. Established in 2014, My Medic had 2025 revenues of about $19 million and employed 40 people, with an extensive training-video library and over 500,000 social-media followers. The $18.7 million price included $14.6 million paid at closing and $4.1 million in holdbacks ($1.0 million contingent on 2027 revenue milestones and $3.1 million for indemnification).

We are delighted to welcome the management and team of My Medic to our Company. We believe the combined marketing, distribution, sourcing, and manufacturing capabilities of our two operations will greatly enhance the reach and value of My Medic's life-saving products.Walter C. Johnsen — Chairman and CEO, Acme United