Facility indicates ramp-up plans at Mace

Tuesday, June 1, 2004

FORT LAUDERDALE, Fla. - Mace Security International continues to forge ahead with plans to build its surveillance business with the recent acquisition of a 20,000-square-foot facility that will serve as regional headquarters for its camera business.

The new building will be ready for the company to move into later this month. It provides more room for product inventory and additional employees.

According to Eduardo Nieves, director of marketing and investor relations for Mace Security, the new facility is twice the size of its previous location and will house research and development, technical support, sales and administration. The company retains headquarters in Mount Laurel, N.J., but plans to sell its old warehouse when it relocates to the new one.

“We anticipate rolling out several new products this year,” said Nieves. “We want to be an industry leader.”

Mace Security entered the surveillance market in late 2002, through its acquisition of Micro-Tech Manufacturing, a three-man operation with revenue of $774,000. The company offered several security cameras in the past, but since then the line has grown to include DVRs, color dome cameras and access control products, such as a biometric fingerprint product. The company now employs 25 people dedicated to just the security business.

Though a newer player in the physical security market, Mace Security is perhaps best known for the pepper spray brand that carries its name. The company also produces child safety products, such as outlet plugs, and runs a chain of car washes.

“We have a great name and we thought there was a lot of future growth for us,” said Nieves, referrring to the company’s decision to get into the physical security market several years ago.