Acme United Corporation Acquires Assets of Hawktree Solutions, Inc.

Acme United Corporation acquired selected assets of Hawktree Solutions, Inc., a supplier of first aid and survival kits, medical supplies, and training, for approximately $1.0 million. Hawktree — which held the exclusive Canadian Red Cross license for certain first aid/survival products and had prior annual revenues of about $4.0 million — was in receivership; Acme United will operate the business from its Laval, Canada facilities and expects the acquisition to be accretive in Q4 2023.