Acme United acquires Clauss Cutlery

Acme United acquired Clauss Cutlery for approximately $450,000, a transaction completed in June 2004, structured as all cash. The deal was a Asset purchase.

Clauss Cutlery operates in Cutting tools, is based in United States, had revenue of about approximately $200,000 in first month of ownership. Acme United purchased selected inventory and intangible assets of Clauss Cutlery, a maker of high-quality scissors, shears and other cutting products. The deal added a range of industrial and floral cutting lines and brought over several Clauss sales and marketing staff. Clauss generated roughly $200,000 of revenue in its first month under Acme ownership.

Broaden Acme's cutting-tool range and win new industrial and floral customers.

Folded into Acme's cutting-tool brands

The purchase of Clauss provides us a new range of high quality cutting products, and many new industrial and floral customers.Walter C. Johnsen, President and CEO, Acme United

Advisory firms were not disclosed for this transaction.

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