Acme United acquires assets of Hawktree Solutions

Acme United announced that it has acquired selected assets of Hawktree Solutions, a supplier of first aid and survival kits, medical supplies, and training. The company was in receivership and the purchase price was approximately $1.0M. Annual revenues in prior years averaged approximately $4.0M. The business will be operated from our facilities in Laval, Canada. The acquisition is expected to be accretive starting in the fourth quarter of 2023. Walter Johnsen, Chairman and CEO, said, “Hawktree Solutions will expand our product line of first aid and survival items that are focused on devastating fires, floods, and earthquakes. We intend to work closely with the Canadian Red Cross to deliver outstanding products to those impacted by natural disasters. In the short term, we will be re-activating the Hawktree website, filling existing orders, and working with customers on new programs.”