Mace Security International, Inc. Announces Management Changes
March 12, 2018 at 08:00 am
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Mace Security International, Inc. announced that RKI, Inc., d/b/a Roll-Kraft, has acquired shares of the company’s common stock from accounts managed by Ancora Advisers, LLC As a result of this transaction, Roll-Kraft now owns 20% of the company’s outstanding shares. Contemporaneous with the transaction, Chuck Gehrisch, CEO of Roll-Kraft, and Sanjay Singh, President of Roll-Kraft, were appointed to the company’s Board of Directors, effective March 9, 2018. Carl Grassi and Daniel Perella have respectfully resigned from the board effective March 9, 2018, Both Dan and Carl had previously expressed their desire to resign due to personal and professional reasons. The board has created the roles of executive chairman and executive vice chairman to work with the CEO and the current management team on operational efficiency with the goal of creating an even more robust company. Mr. Gehrisch has been elected as executive chairman, replacing Richard Barone, who resigned as chairman but remains on the board. Mr. Singh has been elected to the newly created position of executive vice-chairman. Mr. Gehrisch is the Chairman and CEO of Roll-Kraft in Mentor, OH. His entire career has been devoted to building local business, creating hundreds of jobs and providing custom tooling to roll forming, tube and pipe manufacturers around the world. Roll-Kraft tooling is used to produce thousands of items used by the public every day. Prior to holding his position as Chairman and CEO of Roll-Kraft, Mr. Gehrisch led the company as President for more than 20 years.
Mace Security International, Inc. is a manufacturer and provider of personal safety and security products to consumer and law enforcement markets. It operates in one business segment, the Security Segment, which sells personal safety and security products to retailers, distributors, and individual consumers. The Company also sells tactical spray products and systems to law enforcement, security professionals, correctional institutions, and military markets. It markets products through Vigilant, Tornado, and Takedown brands. It directly distributes and supports its branded products through customer channels that include selected retailers, wholesale distributors, independent dealers, e-commerce channels, and its Website, www.mace.com. The Company's product categories include gift cards, pepper gel, pepper gun, pepper spray, personal alarm, vehicle parks and accessories, dorm room safety kits and stun guns.
MACE SECURITY INTERNATIONAL, INC. 
