SHELTON, Conn., May 23, 2024 (GLOBE NEWSWIRE) — Acme United Corporation (NYSE American: ACU) today announced that it has acquired the assets of Elite First Aid, Inc., a leading supplier of tactical, trauma and emergency response products.
Elite First Aid had revenues in 2023 of approximately $4.2 million. The purchase price was not disclosed. The acquisition is expected to be accretive. The company is located in Wake Forest, North Carolina.
Walter C. Johnsen, Chairman and CEO, said, “We believe the acquisition of Elite First Aid provides a platform to expand sales of emergency response products to many of Acme United’s domestic and global customers and to open new markets to us.”
Mr. Johnsen added, “We are excited that the founder and management of Elite First Aid are joining Acme United. We also look forward to welcoming all the employees to the Company.”
Further information on Elite First Aid is available at its website www.elitefirstaidinc.com.
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 and Safety Made. For more information, visit www.acmeunited.com.
