Chestnut Hill Partners Advises Spill Magic in its Sale to Acme United Corporation
On February 1, 2017, Spill Magic, Inc. (“Spill Magic”) was acquired by Acme United Corporation (NYSE MKT:ACU) (“Acme United”).
Headquartered in Santa Ana, CA, Spill Magic is a leading manufacturer and supplier of absorbents and spill response systems to national and regional grocery chains, big box retailers, food service, hotel chains, and government agencies. Spill Magic products are used thousands of times every day to reduce slip and fall accidents.
Walter C. Johnsen, Chairman and CEO of Acme United, said, “Spill Magic complements Acme United’s existing products within the office, industrial, retail, food service, and safety markets. 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.”
David Wampler, shareholder of Spill Magic, commented, “Along with a strong cultural fit, Acme United also shared the same vision in the company’s next phase of growth, which made them an ideal buyer for Spill Magic.”
“Spill Magic has experienced tremendous success in recent years and is well positioned for future growth. Chestnut Hill Partners was privileged to represent Spill Magic in this process,” said Jeff Davidson, Managing Director of Chestnut Hill Partners.” David Wampler stated, “Chestnut Hill Partners’ dedicated service and expert guidance from beginning to end resulted in a successful transaction.”
Angelo & White served as legal advisor to Spill Magic.
About Spill Magic
Founded in 1995, Spill Magic manufactures a wide variety of spill pickup products that have proven to help companies dramatically reduce slip and fall accidents with customers and employees. Their cutting edge absorbents can handle anything from liquid spills, hazardous material spills and even biohazard spills. In addition to their absorbents, they offer all-in-one cleanup kits that include everything you need for rapid spill response. Spill Magic customers include national and regional grocery, retail, big box and countless other retail stores; as well as food service, hotel chains, distribution centers, and municipalities. Spill Magic is headquartered in Santa Ana, CA, with an additional facility in Smyrna, TN.
About Acme United Corporation
Acme United Corporation is an innovative supplier of cutting devices and safety products for school, home, office, hardware and industrial use. Its leading brands include Westcott®, Clauss®, Camillus®, CUDA®, PhysiciansCare®, Pac-Kit®, DMT, and First Aid Only®.
About Chestnut Hill Partners
Chestnut Hill Partners is a leading investment banking firm focused exclusively on merger and acquisition advisory services. Our expertise spans numerous industry sectors and transaction types. Chestnut Hill Partners is comprised of seasoned professionals with significant transaction and principal investment experience with middle market companies. Collectively the team has completed transactions representing over $5 billion of enterprise value.