Acme United (ACU – $13.75) has acquired Diamond Machining Technology (DMT), a Marlborough, MA based leader in sharpening tools for knives, scissors, chisels, and other cutting tools.
DMT manufactures a full line of diamond sharpening tools for people and industries dependent upon high performance edges. Incorporating diamond’s ability to abrade hard metals, DMT offers sharpening solutions for virtually every user, from do-it-yourselfers to professionals and large commercial operations. It has a wide variety of customers in the woodworking, camping, fishing, hunting, outdoor and winter sports, culinary arts, gardening, police-security and industrial sectors (Also see video and images below).
Acme paid $7.0 million in cash for the company. In 2015, DMT had revenues of $5.4 million and EBITDA of approximately $1.0 million, which indicates that margins are high. The acquisition is expected to be immediately accretive.
Acme aims to immediately increase DMT’s sales, and as such its earnings, by [click to continue…]
Bovie Medical Corp. (BVX – $2.02) has a solid $25M a year business selling mainly electrosurgical equipment and cauteries to outpatient clinics. With these devices wearing out at around eight years of use, they get replaced on a regular basis and create a steady revenue stream for the Company. See Bovie’s core business broken out by percentage of revenue below.
The gross margins on these products are about 40% and they generally run this part of the business between a small loss and a small profit. Bovie is forecasting mid to high single digit growth for this core business in 2016.
The hero of the Bovie story however is the little gun-like device titled J-Plasma, a masterful evolution in energy based surgery. This is really the “secret sauce” that makes this Company special and why we’re recommending it at this moment.
Bovie has been developing J-Plasma since 1998. It [click to continue…]
The annual Shooting, Hunting and Outdoor Trade (SHOT) Show, held last week in Las Vegas, was a big success for Acme United’s (ACU – $13.85) Camillus, Western, and Cuda brands.
Hundreds of people stopped by at the new two story booth to see all the products for 2016, speak with the famous Pro Staffers, including the ever popular Les Stroud, and to enter the 7-day safari sweepstakes (Also see image slideshow below).
We heard that several new and existing buyers visited the booth to discuss distributing the growing family of hunting and outdoors tools. [click to continue…]
Tecogen Inc. (TGEN – $3.39), which designs, manufactures and sells Combined Heat and Power (CHP) systems that produce combinations of electricity, hot water, and air conditioning, has launched its revolutionary InVerde e+ technology for CHPs.
The new units combine the best technologies in the field, along with a unique set of proprietary innovations by the Tecogen team.
Thanks to the cutting edge inverter technology, an innovative power control, and a new and improved engine, the InVerde e+ reaches an electrical efficiency of 34%, while its nearest competitor achieves efficiencies between 27 and 29 percent.
Note that this efficiency [click to continue…]
Acme United (ACU – $14.31) has won GOOD Design awards for six different Cuda fishing tools. The Marine Shear, Flex Fillet Knife, Grip & Weigh, Snip, Small Dehooker, and Dual Plier all received the exclusive award.
GOOD Design is an award from the Chicago Athenaeum, Museum of Architecture and Design, and is one of the oldest and most important design competitions worldwide.
Founded in Chicago in 1950 by the former MoMA curator Edgar Kaufmann, Jr., together with such pioneers in modern design as Charles and Ray Eames, Russel Wright, George Nelson, and Eero Saarinen, GOOD Design honors the yearly achievements of the best industrial and graphic designers and world manufacturers for their pursuit of extraordinary design excellence.
Each year, the Museum receives hundreds of submissions from the biggest and most famous brands like [click to continue…]
It has finally happened. Bonduelle, the world’s leading processed vegetable producer has launched a new category of frozen vegetables called InFlavor.
The new exclusive InFlavor dehydration and preparation process uses partial vacuum-microwave drying to remove a certain percentage of water content from vegetables. The process enhances the properties of frozen vegetables so much that comparison with fresh vegetables ceases to be an issue.
The taste, appearance, texture, and quality are truly similar to fresh vegetables. In fact, blind testing by chefs and consumers alike found InFlavor vegetables to be similar or even better than fresh vegetables.
In addition, InFlavor vegetables don’t lose water during preparation. That way, even high water content frozen vegetables like peppers, mushrooms, onions, and zucchini are prepared with superb results. InFlavor vegetables also leave no trace of water when prepared and they keep their original size.
Best of all, the vacuum-microwave drying machine that makes this all possible is manufactured by EnWave Corp (TSXV:ENW – $0.77 CAD & OTC:NWVCF – $0.50 USD). Bonduelle will pay [click to continue…]
EuroSite Power Inc. (EUSP – $0.90), which owns and operates clean, On-Site Utility systems that produce electricity, hot water, heat and cooling at hospital, healthcare, housing and leisure centers in Europe, has installed and started up a 200 kW Combined Heat and Power (CHP) system at the Littledown Centre, in Bournemouth, United Kingdom.
Set in 47 acres of parkland, Littledown Centre is one of the finest leisure, swimming, football and gym facilities in the UK. It is managed and operated by BH Live, the leading operator of leisure and event venues in the south of England.
The CHP unit will be owned, maintained and operated by EuroSite Power at the leisure facility for the next 15 years. The cost to install the unit was entirely funded by EuroSite Power. The Company also pays for the gas to run the CHP system. As a result, there is no impact on the customer’s capital budget and no additional staff required.
BH Live only has to pay EuroSite Power for the energy produced by the CHP system, which [click to continue…]