04/10/14 — Acme sells its Fremont property

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Acme sells its Fremont property

By From staff reports
Published in News on April 10, 2014 1:46 PM

FREMONT -- Acme United Corp. has sold its shuttered Fremont plant building for $850,000 to Gunma, Japan-based Kaya Products Corp.

Kaya makes stainless steel pipes and metal products used for automotive antennas, broadcast equipment and other products. Kaya hasn't had an active production plant in the U.S. in more than 20 years.

"I can confirm that we have been working with officials at Kaya on their desire to locate an operation in Fremont," said Joanna Helms, Wayne County Development Alliance president. "At this time I cannot comment on any specifics of job creation or investment. However, I can say that this company will be a great addition to our industrial base here in Wayne County."

Additional information should be available within the next few days, she said.

Kaya's president, Yuzo Kaya, made at least two visits in September and in December, touring warehouse properties in Durham, Alamance and Wayne counties with a 50,000-square-foot requirement, according to several sources close to the deal.

In October, Yuzo Kaya filed incorporation papers in North Carolina for an entity called Kaya Products LLC.

Acme, a supplier of cutting, measuring and safety products, closed the Fremont location and consolidated the operation into its Rocky Mount location following last year's purchase of a new manufacturing and distribution center there.