
Company Website:
http://www.mace.com
SOLON, Ohio -- (Business Wire)
As part of the efforts to return the company to profitability sooner
rather than later, Mace Security International, Inc. will consolidate
its consumer products division (which manufactures and distributes a
wide array of personal defense sprays, security products & other safety
devices) into one freestanding facility located in Cleveland, Ohio. “This
very difficult decision will make the company more efficient and serve
as another step in transforming Mace Security International, Inc. into
the most globally recognized consumer brand for safety and security
products and services,” stated John McCann, President & CEO of Mace.
The move will benefit the company and its shareholders in the following
ways:
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Increase manufacturing efficiencies;
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Reduce transportation and logistics costs; and,
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Strengthen the company’s supply chain.
As previously reported, the strategic restructuring of the company has
and will continue to reduce the overall costs of its business operations
and this consolidation is anticipated to be one of the final steps in
bringing Mace back to profitability. Mace Security International, Inc.
anticipates that it will incur some one-time costs associated with the
consolidation which will be reported in the 3rd quarter & 4th
quarter of 2013.
About Mace
Mace Security International, Inc. (OTC PINK: MACE) is a manufacturer and
provider of personal defense, safety, and electronic security products
to consumer and business market segments under the highly recognized
Mace® brand. Mace also owns and operates a UL/ETL listed central station
providing remote alarm and video monitoring services to the wholesale
security trade. For more information, go to www.mace.com
or write to Mace Security International, Inc., 29100 Aurora Road, Suite
100, Solon, Ohio 44139.

Contacts:
Mace Security International, Inc.
Garnett Meador, 440-424-5393
Source: Mace Security International, Inc.
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