The Tribune

A sponging company founded in The Bahamas in 1908 is targeting further expansion through the acquisition of a major natural sponge distributor.

The Armaly Sponge Company has announced that it has acquired Acme Sponge Company. The Tarpon Springs, Florida-based entity is a leading distributor of natural sponges globally and in the US, and traces its roots back four generations to sea sponge merchants and divers in Greece.

The acquisition will increase Armaly Sponge Company’s market share in the natural sponge segment, and provide it with new distribution opportunities and logistical efficiencies with retailers. It also provides an additional growth platform for other Armaly-branded products.

“We are excited to combine our unique assets and expertise with that of Armaly Sponge Company to create an even stronger company with the same family values upon which both companies were founded and have thrived,” said Jim Cantonis, president of Acme Sponge Company.

“It’s an exciting time at Armaly Brands as we continue to grow our portfolio of brands and products. The acquisition of Acme Sponge Company provides a combined legacy of over 180 years in the natural sponge business and aligns with our growth strategy of becoming No.1 in all segments of our business through providing the consumer with innovative quality products and a great value, all while maintaining our family culture and values,” said John Armaly, president of Armaly Sponge Company.

“Acme Sponge Company is the perfect fit for us today, and we look forward to continuing the successful growth with future product innovation.”

Armaly Sponge Company has been family-owned and operated for 110 years, and is a worldwide producer of natural sponges.