Acme United Corporation Acquires Manufacturing and Distribution Facility in Tennessee
Acme United Corporation (NYSE American: ACU) has acquired a manufacturing and distribution facility in Mt. Pleasant, Tennessee for $6 million. The facility features 77,000 square feet of manufacturing and warehouse space on 12 acres, with potential expansion capacity of up to 60,000 additional square feet.
The FDA-approved, food-grade facility will primarily serve Spill Magic, a subsidiary acquired in 2017 that has outgrown its current leased space. Spill Magic specializes in bodily fluid and spill clean-up solutions, providing absorbent powder and complete spill response systems to various sectors including retail, food service, and industrial markets.
The company plans to implement capital improvements focused on automation to transform the site into one of its most advanced and efficient operations.
Acme United Corporation (NYSE American: ACU) ha acquisito una struttura per la produzione e distribuzione a Mt. Pleasant, Tennessee, per 6 milioni di dollari. La struttura dispone di 77.000 piedi quadrati di spazio per produzione e magazzino su 12 acri, con una capacità di espansione potenziale fino a 60.000 piedi quadrati aggiuntivi.
La struttura, approvata dalla FDA e adatta al settore alimentare, servirà principalmente Spill Magic, una controllata acquisita nel 2017 che ha superato i limiti dello spazio attualmente in affitto. Spill Magic è specializzata in soluzioni per la pulizia di fluidi corporei e fuoriuscite, offrendo polveri assorbenti e sistemi completi di risposta alle fuoriuscite a diversi settori, tra cui retail, ristorazione e mercati industriali.
L’azienda prevede di realizzare miglioramenti capitali focalizzati sull’automazione per trasformare il sito in una delle sue operazioni più avanzate ed efficienti.
Acme United Corporation (NYSE American: ACU) ha adquirido una planta de fabricación y distribución en Mt. Pleasant, Tennessee, por 6 millones de dólares. La instalación cuenta con 77,000 pies cuadrados de espacio para fabricación y almacén en 12 acres, con una capacidad potencial de expansión de hasta 60,000 pies cuadrados adicionales.
La planta, aprobada por la FDA y apta para alimentos, servirá principalmente a Spill Magic, una subsidiaria adquirida en 2017 que ha superado su espacio arrendado actual. Spill Magic se especializa en soluciones para la limpieza de fluidos corporales y derrames, ofreciendo polvo absorbente y sistemas completos de respuesta a derrames para diversos sectores, incluidos el comercio minorista, servicios de alimentación y mercados industriales.
La empresa planea implementar mejoras de capital enfocadas en la automatización para transformar el sitio en una de sus operaciones más avanzadas y eficientes.
Acme United Corporation (NYSE American: ACU)가 테네시 주 Mt. Pleasant에 위치한 제조 및 유통 시설을 600만 달러에 인수했습니다. 이 시설은 12에이커 부지에 77,000평방피트의 제조 및 창고 공간을 갖추고 있으며, 최대 60,000평방피트의 추가 확장 가능성을 보유하고 있습니다.
FDA 승인과 식품 등급을 받은 이 시설은 2017년에 인수한 자회사 Spill Magic을 주로 지원할 예정이며, 현재 임대 공간을 초과하는 성장세를 보이고 있습니다. Spill Magic은 체액 및 유출물 청소 솔루션을 전문으로 하며, 흡수성 분말과 완전한 유출 대응 시스템을 소매, 식품 서비스, 산업 시장 등 다양한 부문에 제공합니다.
회사는 자동화에 중점을 둔 자본 개선을 통해 이 시설을 가장 진보되고 효율적인 운영 중 하나로 탈바꿈시킬 계획입니다.
Acme United Corporation (NYSE American : ACU) a acquis une installation de fabrication et de distribution à Mt. Pleasant, Tennessee, pour 6 millions de dollars. L’installation comprend 77 000 pieds carrés d’espace de production et d’entrepôt sur 12 acres, avec une capacité d’expansion potentielle allant jusqu’à 60 000 pieds carrés supplémentaires.
Cette installation approuvée par la FDA et conforme aux normes alimentaires servira principalement Spill Magic, une filiale acquise en 2017 qui a dépassé la capacité de ses locaux actuels loués. Spill Magic est spécialisée dans les solutions de nettoyage des fluides corporels et des déversements, fournissant des poudres absorbantes et des systèmes complets de gestion des déversements à divers secteurs, notamment la vente au détail, la restauration et l’industrie.
L’entreprise prévoit de réaliser des améliorations capitales axées sur l’automatisation afin de transformer le site en l’une de ses opérations les plus avancées et efficaces.
Acme United Corporation (NYSE American: ACU) hat eine Produktions- und Vertriebsanlage in Mt. Pleasant, Tennessee, für 6 Millionen US-Dollar erworben. Die Anlage verfügt über 77.000 Quadratfuß Produktions- und Lagerfläche auf 12 Acres mit einer möglichen Erweiterung um bis zu 60.000 zusätzliche Quadratfuß.
Die von der FDA zugelassene, lebensmitteltaugliche Anlage wird hauptsächlich Spill Magic dienen, einer 2017 übernommenen Tochtergesellschaft, die ihre derzeit gemieteten Räumlichkeiten übertroffen hat. Spill Magic ist auf Lösungen zur Reinigung von Körperflüssigkeiten und Verschüttungen spezialisiert und bietet absorbierendes Pulver sowie komplette Verschüttungsreaktionssysteme für verschiedene Branchen, darunter Einzelhandel, Gastronomie und Industrie.
Das Unternehmen plant Investitionen mit Fokus auf Automatisierung, um den Standort zu einer seiner fortschrittlichsten und effizientesten Betriebsstätten zu machen.
- Strategic acquisition of 77,000 sq ft facility with 60,000 sq ft expansion potential
- FDA-approved facility specifications add operational value and versatility
- Planned automation investments to enhance operational efficiency
- Eliminates lease expenses for Spill Magic operations
- Supports growth of successful Spill Magic subsidiary
- $6 million capital expenditure impacts cash position
- Additional investment required for planned automation and improvements
- Potential integration and transition costs from current leased facility
Insights
Acme United's $6M facility acquisition provides growth infrastructure for Spill Magic, enhancing operational efficiency through automation while reducing lease expenses.
Acme United's
This transaction offers multiple operational advantages. First, it transitions the company from a lease expense to an owned asset, potentially improving long-term cost structure. Second, the property includes 12 acres with expansion capacity for an additional 60,000 square feet, providing significant future growth runway. Third, the facility already meets FDA-approved food-grade specifications, which aligns with Spill Magic's focus on cleanup solutions used in food service environments.
Management's announced plans to invest in automation at this facility indicate a focus on operational efficiency and margin improvement. This modernization effort could potentially reduce labor costs and increase production capacity, supporting greater scale for the Spill Magic product line, which focuses on absorbent powder for spill cleanup in retail, grocery, and industrial settings.
The vertical integration of Spill Magic's operations through this acquisition appears to be part of Acme United's broader strategy to strengthen infrastructure for businesses they've acquired, as they purchased Spill Magic in 2017. This move suggests confidence in the continued growth potential of this business unit within Acme's diverse portfolio of safety and cutting technology brands.
SHELTON, Conn., July 15, 2025 (GLOBE NEWSWIRE) -- Acme United Corporation (NYSE American: ACU) announces the purchase of a manufacturing and distribution center in Mt. Pleasant, Tennessee for approximately
The property consists of 77,000 square feet of manufacturing and warehouse space on 12 acres and is designed to be expanded by up to an additional 60,000 square feet. The facility is fully air conditioned and is built and maintained to meet FDA-approved food-grade specifications. The facility will primarily be used by Spill Magic, which Acme United acquired in 2017 and which has outgrown one of its currently leased spaces.
Walter C. Johnsen, Chairman and CEO, said, “We’re thrilled to be growing the Spill Magic business and to be putting a strong infrastructure in place to fuel its continued success. We plan to invest in capital improvements focused on automation, positioning this site to become one of our most advanced and efficient operations. We’re proud to become part of the Mt. Pleasant, Tennessee community.”
Spill Magic is a leader in bodily fluid and spill clean-up solutions with a lightweight, absorbent powder that quickly encapsulates a spill. The Spill Response System provides all the necessary tools to effectively clean up spills, saving time, money and reducing slip & fall accidents in various venues, including grocery, retail, and big box stores; food service & hotel chains; municipal facilities; and industry-specific distributors in the U.S.
ACME UNITED CORPORATION is a leading worldwide supplier of innovative safety solutions and cutting technology to the school, home, office, hardware, sporting goods and industrial markets. Its leading brands include First Aid Only®, First Aid Central®, PhysiciansCare®, Spill Magic®, Westcott®, Clauss®, DMT®, Med-Nap, Safety Made and Elite. For more information, visit www.acmeunited.com.
Forward Looking Statements
The Company may from time to time make written or oral “forward-looking statements” including statements contained in this report and in other communications by the Company, which are made in good faith pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based on our beliefs as well as assumptions made by and information currently available to us. When used in this document, words like “may,” “might,” “will,” “except,” “anticipate,” “believe,” “potential,” and similar expressions are intended to identify forward-looking statements. Actual results could differ materially from our current expectations.
Forward-looking statements in this report, including without limitation, statements related to the company’s plans, strategies, objectives, expectations, intentions, and adequacy of capital and other resources are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties. We are also subject to additional risks and uncertainties as described in our periodic filings with the Securities and Exchange Commission.
| CONTACT: | Paul G. Driscoll | Acme United Corporation Phone: (203) 254-6060 | 1 Waterview Drive FAX: (203) 254-6521 | Shelton, CT 06484 | ||||
FAQ
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