Founded in Los Angeles in 1985, by Adrian Olabuenaga and his wife, Lesley Bailey. Their first product collection was a limited edition series of jewelry designed by Peter Shire, a member of the famous Memphis Group.  Soon after, with the help of writer Barbara Radice and architect/designer/photographer Ettore Sottsass, ACME’s new collection (MEMPHIS DESIGNERS for ACME), was a huge collection of jewelry with over a hundred works, with 14 designers and architects involved, including Andrea Branzi, Aldo Cibic, Michele De Lucchi, Ettore Sottsass, Matteo Thun, etc.  This collection debuted at the Cooper Hewitt Design Museum in 1986, along with the last stop for the MEMPHIS touring show, before returning to Italy.  Many of these pieces are now in the permanent collections of many museums around the world, such as the Denver Art Museum, Brooklyn Museum of Art, Frankfurt Museum of Decorative Arts and others, and the entire series is in the collection of the Groninger Museum in Holland.