Acme United Corporation announced the acquisition of the assets of Elite First Aid, Inc., a prominent supplier of tactical, trauma, and emergency response products, based in Wake Forest, North Carolina. Elite First Aid reported revenues around $4.2 million in 2023. Though the purchase price was undisclosed, the transaction is expected to be accretive. Walter C. Johnsen, Chairman and CEO of Acme United, expressed enthusiasm over integrating Elite First Aid’s founder, management, and employees into the company. Acme United, known globally for its innovative safety solutions, sees this acquisition as a strategic platform to enhance its emergency response product sales domestically and internationally. The company also highlighted the potential risks and uncertainties that could impact its business forward, cautioning investors accordingly.
Emergency Response Equipment, Mergers and Acquisitions (M&A),United States
https://www.globenewswire.com/news-release/2024/05/23/2887671/0/en/Acme-United-Corporation-Acquires-the-Assets-of-Elite-First-Aid.html