Acme United Corporation Expands Operations with New Facility
Acme United Corporation Strengthens Its Manufacturing Base
Acme United Corporation (NYSE: ACU) is excited to announce its latest acquisition of a manufacturing and distribution facility located in Mt. Pleasant, Tennessee. This development marks a significant milestone for the company as it invests approximately $6 million in this new site, setting the stage for enhanced operations.
Details of the Manufacturing Facility
The newly acquired facility spans an impressive 77,000 square feet situated on 12 acres. With potential for expansion of an additional 60,000 square feet, Acme United plans to tailor this site to further its production capabilities. The facility meets stringent FDA-approved food-grade specifications and is fully air-conditioned, making it an ideal environment for operations.
The Role of Spill Magic
This facility will primarily serve Spill Magic, a company that Acme United has been nurturing since its acquisition in 2017. Spill Magic specializes in effective solutions for bodily fluid and spill management, boasting an innovative lightweight absorbent powder that rapidly encapsulates spills. The comprehensive Spill Response System ensures that users can swiftly and safely address spills, which is critical in environments including retail, hospitality, healthcare, and more.
Investing in Growth and Technology
Walter C. Johnsen, the Chairman and CEO of Acme United Corporation, expressed enthusiasm regarding the acquisition, stating, “We’re thrilled to be growing the Spill Magic business and to be putting a strong infrastructure in place to fuel its continued success.” The company aims to apply capital improvements that focus on automation, transforming this site into one of its most advanced operations.
Commitment to the Community
Acme United is not only focused on business growth but also on community integration. By joining the Mt. Pleasant area, the company is keen on establishing strong local ties and contributing positively to the community. Johnsen highlighted, “We’re proud to become part of the Mt. Pleasant, Tennessee community,” emphasizing the importance of corporate responsibility.
About Acme United Corporation
Acme United Corporation is a leading global supplier of innovative safety solutions and cutting-edge technology across various markets including education, healthcare, and industry. Their portfolio features renowned brands such as First Aid Only®, PhysiciansCare®, and Spill Magic®, showcasing their commitment to quality and customer satisfaction.
Frequently Asked Questions
What is the purpose of the new facility acquired by Acme United?
The new facility will primarily serve as a manufacturing and distribution center for Spill Magic, enhancing the company's production capabilities and efficiency.
How large is the new facility?
The facility consists of 77,000 square feet, with the potential for expansion up to 60,000 square feet.
Who is Spill Magic?
Spill Magic is a leader in clean-up solutions for bodily fluids and spills, known for its lightweight absorbent powder that simplifies the spill management process.
What are the future plans for this facility?
Acme United plans to invest in capital improvements focused on automation to enhance the efficiency of operations at the new facility.
How does Acme United contribute to the community?
Acme United aims to build strong local relationships and positively impact the Mt. Pleasant community as part of their commitment to corporate responsibility.
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