Acme Foods is acquired by N.C. company

Acme Foods Co. of Baltimore, a distributor of meat products, has been acquired by Goodmark Foods Inc. of Raleigh, N.C., for an undisclosed price.

Acme is a regional marketer of meat snacks with annual sales of about $7 million, according to Goodmark.

Goodmark's brands include Slim Jim, Penrose,and Pemmican meat snacks, Rachel's brownies and Andy Capp's snacks.

Acme, which is located in the Holabird Industrial Park, distributes Magic Chef pickled meats, Eagle Canyon beef snacks and Big Mama pickled sausage.

Acme once employed about 160 people and manufactured its own products. But in 1988, it ceased manufacturing and now employs about 20 people, according to Barry Spector, former chairman of the company.

In the stock purchase agreement reached on Friday, Goodmark acquires Acme's market share, sales, sales relationships and manufacturing agreements.

Spector said no decision has been made about the future of the local operation.