Acme United acquired Med-Nap LLC, a transaction completed in December 2020, structured as all cash. The deal was a Asset purchase.
Med-Nap LLC operates in First aid & safety (manufacturing), is based in Brooksville, Florida, had revenue of about approximately $4.9 million (2020 est.), ~$1.0 million EBITDA. 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.
Gain a U.S. FDA-registered manufacturing facility for antiseptic wipes and pads used in Acme's first aid kits and add retail/industrial/medical wipe lines amid pandemic demand.
FDA-registered wipe/pad manufacturing that supplies Acme's own kits Vertical integration of antiseptic consumables plus new retail/medical wipe lines First aid & safety manufacturing
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
Advisory firms were not disclosed for this transaction.