Acme United acquired Clauss Cutlery for approximately $450,000, a transaction completed in June 2004, structured as all cash. The deal was a Asset purchase.
Clauss Cutlery operates in Cutting tools, is based in United States, had revenue of about approximately $200,000 in first month of ownership. 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.
Broaden Acme's cutting-tool range and win new industrial and floral customers.
Folded into Acme's cutting-tool brands
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
Advisory firms were not disclosed for this transaction.