Acme United Purchases New Facility to Enhance Operations

Acme United Corporation Expands by Acquiring New Facility
Acme United Corporation (NYSE: ACU) is enhancing its operational capabilities with the recent acquisition of a new manufacturing and distribution facility in Tennessee, valued at around $6 million. This strategic move is geared towards bolstering the production of its Spill Magic line, a product known for its leadership in spill cleanup solutions.
Facility Overview and Expansion Potential
The newly acquired property boasts an impressive 77,000 square feet of space for manufacturing and warehousing, situated on a 12-acre site. Importantly, the structure is designed for potential expansion, allowing for an additional 60,000 square feet when necessary. This facility has been constructed to meet stringent FDA-approved standards, ensuring top-quality conditions for production.
Commitment to Growth and Community
Walter C. Johnsen, Acme United's Chairman and CEO, expressed enthusiasm over this 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." This investment indicates the company’s dedication to enhancing automation and operational efficiency at this advanced site.
About Spill Magic and Its Impact
Spill Magic, acquired by Acme United in 2017, specializes in effective cleaning solutions for bodily fluids and various spills, utilizing a lightweight absorbent powder that encapsulates spills swiftly. The company’s product line not only aids in faster cleanup but also significantly reduces the risk of slip and fall accidents across a range of environments, including retail and food service venues.
Acme United's Diverse Product Offerings
Acme United Corporation stands as a prominent global supplier of innovative safety and cutting technology solutions for various sectors including educational, home, office, and industrial markets. Its prominent brands include First Aid Only, PhysiciansCare, Westcott, and Spill Magic among others. This diverse product lineup underscores the company's commitment to providing effective safety solutions across multiple applications.
Future Outlook for Acme United
The acquisition of the Tennessee facility marks a pivotal chapter in Acme United's growth strategy. The planned enhancements to their operational capabilities, notably in automation and infrastructure, position the company to meet rising demand and expand its presence in the market. As Acme United continues to fortify its operations, stakeholders can expect innovation-driven growth that aligns with evolving industry requirements.
Frequently Asked Questions
What is the significance of the new facility acquisition?
The acquisition allows Acme United to enhance its manufacturing capabilities and support the growing demand for its Spill Magic products.
How large is the new facility?
The facility spans 77,000 square feet and allows for an additional 60,000 square feet of expansion.
Who will primarily use this facility?
The facility will primarily be utilized by Spill Magic, which has outgrown its previous space.
What are the intended improvements at the new site?
Acme United plans to invest in automation to create a more efficient and advanced operational environment.
What other brands does Acme United offer?
In addition to Spill Magic, Acme United offers brands like First Aid Only, Westcott, and PhysiciansCare, catering to a diverse market.
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