Mace to Grow Products Business Via Acquisition of Micro-Tech Manufacturing
MOUNT LAUREL, N.J.
Mace Security IntÃƒÂ¢??l Inc., a provider of car care
services and manufacturer and marketer of security
products, announces that it has acquired the assets of
Micro-Tech Manufacturing Inc., a security products
company specializing in manufacturing and distributing
security cameras, security monitoring systems and
electronic surveillance equipment. Micro-Tech generated
revenue of approximately $774,000 and EBITDA of
approximately $200,000 in 2001.
Mace believes that the assets of Micro-Tech will blend
well with its highly recognized Mace(R) brand product line.
The company will immediately begin utilizing synergies to
expand its distribution and sales efforts. Mace believes
that the Micro-Tech business is positioned for substantial
internal growth. Mace plans to utilize the assets of Micro-
Tech to focus on the expanding security camera industry
with a particular emphasis on systems that will allow users
to view transmitted images remotely through the Internet
and phone-line connections.
Mace has more than 15 years of experience in
manufacturing, marketing and retailing products and
services in several sectors of the security products
industry, including electronic and chemical security
products, security training, child safety products and
private corrections integration systems. As a result, the
company believes that it is in a strong position to expand
further in the security products business.
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