Brody Wilkinson represents Acme United Corporation in connection with sale of Bridgeport industrial property

The law firm of Brody Wilkinson PC is pleased to announce its representation of Acme United Corporation (AMEX:ACU) in the sale of property owned by Acme in Bridgeport, Connecticut to B & E Juices, Inc. for $2.5 million. Brody Wilkinson principals James E. Rice and Barbara S. Miller were engaged by Acme to oversee the transaction.
The property consists of approximately 4 acres of land and 48,000 square feet of warehouse space on the East Side of Bridgeport. It was the site of the original Acme United scissors factory which opened in 1887 and was closed in 1996.

Acme United intends to remediate the property for approximately $1.8 million, based on estimates prepared by its environmental consultants. The Company has provided the buyer with a mortgage due one year after remediation and monitoring have been completed and estimated to be 5 years.

B & E Juices intends to make the site its headquarters and primary warehouse. It has plans to expand its operations on the vacant land.

Walter C. Johnsen, Chairman and CEO said, “We are pleased to have B & E Juices take ownership of this property. We look forward to working with them as they develop the land, and bring new jobs into Bridgeport.”

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