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

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

SHARE

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.”

Print Friendly

LEAVE A REPLY

Please enter your comment!
Please enter your name here