Acme United Corp. (ACU) said on Tuesday that it has acquired the Camillus Cutlery Company brand name as well as all its patents and trademarks for about $200 thousand.
The assets were acquired in a bankruptcy auction. Camillus closed business in February 2007 following a 6 month labor strike. Its revenues were about $18 million during its final year.
Acme United's Chairman and CEO, Walter Johnsen, said, "We intend to reestablish the Camillus brand into production and continue to deliver high quality products. We hope to slowly build revenues as we reconnect with customers. This will be a careful undertaking."
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