Apple Rush Company Acquires Majority Interest in Plant Based Chemical Manufacturing Company
28 Apr, 2022, 09:00 ET
TITUSVILLE, Fla., April 28, 2022 /PRNewswire/ -- The Apple Rush Company, Inc. (OTC PINK: APRU) (the "company") through its wholly owned subsidiary Apple Rush Manufacturing LLC has acquired an 80% interest in Michigan based ACS Enterprises, LLC and Earth Lube LLC a wholly owned subsidiary of ACS Enterprises. ACS, d/b/a American Chemical formulates and markets plant-based chemicals for lubricants and chemicals for copper plating/bonding. ACS also has a mold inhibitor for multiple applications including its use in the ever-expanding cannabis industry. Tony Torgerud, CEO of Apple Rush, stated "Building with acquisition is our intent. American Chemical is proficient with chemical formulations and has operations in Niles, Michigan, for blending and distribution. Currently on the market in commercial and industrial applications, our penetrating lubricant is formulated from plants and competes in the spray lubricant industry currently led by WD-40 with over $500 million in annual sales. We are focused as a company on plant-based products and the lubricant business is expanding worldwide."
The ACS copper additive, patent pending, is a copper plating solution currently in use worldwide for industrial wire drawing and welding. A copper treatment additive and method provided for the electroless application of copper to base metal effectively and efficiently while requiring the reduced frequency of replacing a treatment bath of copper sulphate solution. The copper coating has been observed to facilitate wire drawing processes, enhance characteristics associated with welding and decorative wire as well as applications in the manufacture of circuit boards and other electronics. The margins for this product are approximately 80 percent with a lone customer presently ordering in excess of $1.5 million dollars of product annually from a single supplier. Tony continued, "Rod Sniadecki, president of ACS brings decades of knowledge and product development to our team. We believe we have the opportunity to brand this lubricant as Mistyk plant based penetrating lubricant and expand on an existing brand of APRU."
ACS's cannabis mold inhibitor provides a cost-effective proprietary solution to a problem that has plagued the grow industry for decades. The result of effective application of the ACS product and process will add exponentially to the existing $13.5 billion value globally. A patent on the formulation and process is in progress.
About The Apple Rush Company, Inc.
The Apple Rush Company, Inc., through its subsidiary APRU, LLC, is a distributor of CPG products under the trademarked Apple Rush brand, Element Brands and other labels. The Apple Rush brand has almost 49 years of existence in the natural beverage industry. As a historical leader in the organic and natural beverage sector our goal is to now become a leader in the distribution of anhydrous hemp oil products nationwide. For more information, please go to www.applerush.com, www.aprubrands.com, www.element-brands.com and www.mistyk.com with our expanded product portfolio.
Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Relations Contact:
Tony Torgerud 888-741-3777
SOURCE Apple Rush Co., Inc.
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