Acme United acquired First Aid Only, Inc. for $13.8 million, a transaction completed in June 2014, structured as all cash. The deal was a Asset purchase.
First Aid Only, Inc. operates in First aid & safety, is based in Vancouver, Washington, had revenue of about $17.3 million (2013). 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.
Scale Acme's first aid and safety platform as corporate safety emphasis and regulations drive demand; combined first aid/safety/OTC revenue projected near $40 million in 2014.
Innovative leader in regulatory-compliant first aid with large corporate customer base Cross-sell into Acme's office-supply and industrial distribution First aid & safety segment
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
Advisory firms were not disclosed for this transaction.