Acme United of Fairfield pays $7.2M to acquire Spill Magic Inc.

By Phil Hall

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Acme United Corp., a Fairfield-based supplier of cutting and measurement devices and safety products, has acquired the assets of Spill Magic Inc. for $7.2 million in cash.

Based in Santa Ana, California, Spill Magic manufactures a line of spill absorbency, hazmat and biohazard clean-up products. The company, which also operates a facility in Smyrna, Tennessee, employs 22 people and reported $6.3 million in revenue last year, with earnings before interest, tax, depreciation and amortization of approximately $1.4 million.

“Spill Magic complements Acme United’s existing products within the office, industrial, retail, food service, and safety markets,” said Walter C. Johnsen, president and CEO of Acme United. “We intend to keep the Spill Magic operations at their current locations while expanding the business and distribution through Acme United’s broad customer base, innovation, and global reach.”

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About the author

Phil Hall
Phil Hall is a former United Nations-based reporter for Fairchild Broadcast News, the author of seven books, the host of the SoundCloud podcast "The Online Movie Show" and a writer with credits in The New York Times, New York Daily News and Wired.

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