EX-99.1
2
acu_8k060614ex991.htm
EXHIBIT 99.1
Exhibit
99.1
ACME UNITED
CORPORATION
NEWS
RELEASE
CONTACT:
Paul G. Driscoll
Acme United Corporation
60 Round Hill Road
Fairfield, CT 06824
Phone: (203) 254-6060
FAX: (203) 254-6521
FOR IMMEDIATE
RELEASE June 2, 2014
ACME
UNITED CORPORATION ACQUIRES ASSETS OF FIRST AID ONLY, INC
FAIRFIELD,
CONN. - June 2, 2014 - Acme United Corporation (NYSE MKT:ACU) today announced that it has acquired the assets of First
Aid Only, Inc, based in Vancouver, WA, for $13.8 million in cash. First Aid Only had revenues in 2013 of $17.3 million and is
expected to be accretive during 2014.
First
Aid Only is a supplier of Smart Compliance
®
first aid kits, refills, and safety
products that meet regulatory requirements for a broad range of industries. The company pioneered consultative selling and
support of first aid items to large corporate customers, and is recognized as an innovative leader in the safety products
industry. It employs 100 people.
Acme
United has been in the first aid business for over 40 years, currently selling under the PhysiciansCare and
Pac-Kit brands. It has a strong product offering, and a customer base of safety
and industrial distributors, service fleets, mass market retailers, and the office supply industry.
Walter
C. Johnsen, Chairman and CEO, said "The first aid and safety market has been growing due to corporate emphasis on the safety
of employees, regulations that require first aid kits, and new products that control bleeding and treat burns. Combined first
aid, safety, and over the counter medications revenues at Acme United are expected to be approximately $40 million in 2014".
Mr.
Johnsen added that Acme United's traditional office supply customers are embracing sales of first aid and safety products
to broaden their offerings beyond traditional office supplies, and that this portion of our business has had significant growth
for the company.
ACME
UNITED CORPORATION
is a leading worldwide supplier of innovative cutting, measuring and safety products to the school, home,
office, hardware and industrial markets. Its leading brands include Westcott®, Clauss®,
Camillus®, Physicians
Care
® and Pac-Kit®.
Forward-looking
statements in this report, including without limitation, statements related to the Company's plans, strategies, objectives,
expectations, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties including,
without limitation, the following: (i) the Company's plans, strategies, objectives, expectations and intentions are subject
to change at any time at the discretion of the Company; (ii) the impact of current uncertainties in global economic conditions
and the ongoing financial crisis affecting the domestic and foreign banking system and financial markets, including the impact
on the Company's suppliers and customers (iii) currency fluctuations (iv) the Company's plans and results of operations
will be affected by the Company's ability to manage its growth, including its ability to integrate successfully companies
which it may acquire from time to time and (v) other risks and uncertainties indicated from time to time in the Company's
filings with the Securities and Exchange Commission.
.
#
# #

EX - 99 . 1 2 acu _ 8k060614ex991 . htm EXHIBIT 99 . 1 Exhibit 99 . 1 ACME UNITED CORPORATION NEWS RELEASE CONTACT : Paul G . Driscoll Acme United Corporation 60 Round Hill Road Fairfield , CT 06824 Phone : ( 203 ) 254 - 6060 FAX : ( 203 ) 254 - 6521 FOR IMMEDIATE RELEASE June 2 , 2014 ACME UNITED CORPORATION ACQUIRES ASSETS OF FIRST AID ONLY , INC FAIRFIELD , CONN . - June 2 , 2014 - Acme United Corporation ( NYSE MKT : ACU ) today announced that it has acquired the assets of First Aid Only , Inc , based in Vancouver , WA , for $ 13.8 million in cash . First Aid Only had revenues in 2013 of $ 17.3 million and is expected to be accretive during 2014 . First Aid Only is a supplier of Smart Compliance ® first aid kits , refills , and safety products that meet regulatory requirements for a broad range of industries . The company pioneered consultative selling and support of first aid items to large corporate customers , and is recognized as an innovative leader in the safety products industry . It employs 100 people . Acme United has been in the first aid business for over 40 years , currently selling under the PhysiciansCare and Pac-Kit brands . It has a strong product offering , and a customer base of safety and industrial distributors , service fleets , mass market retailers , and the office supply industry . Walter C . Johnsen , Chairman and CEO , said " The first aid and safety market has been growing due to corporate emphasis on the safety of employees , regulations that require first aid kits , and new products that control bleeding and treat burns . Combined first aid , safety , and over the counter medications revenues at Acme United are expected to be approximately $ 40 million in 2014 " . Mr . Johnsen added that Acme United 's traditional office supply customers are embracing sales of first aid and safety products to broaden their offerings beyond traditional office supplies , and that this portion of our business has had significant growth for the company . ACME UNITED CORPORATION is a leading worldwide supplier of innovative cutting , measuring and safety products to the school , home , office , hardware and industrial markets . Its leading brands include Westcott ® , Clauss ® , Camillus ® , Physicians Care ® and Pac-Kit ® . Forward - looking statements in this report , including without limitation , statements related to the Company 's plans , strategies , objectives , expectations , intentions and adequacy of resources , are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 . Investors are cautioned that such forward - looking statements involve risks and uncertainties including , without limitation , the following : ( i ) the Company 's plans , strategies , objectives , expectations and intentions are subject to change at any time at the discretion of the Company ; ( ii ) the impact of current uncertainties in global economic conditions and the ongoing financial crisis affecting the domestic and foreign banking system and financial markets , including the impact on the Company 's suppliers and customers ( iii ) currency fluctuations ( iv ) the Company 's plans and results of operations will be affected by the Company 's ability to manage its growth , including its ability to integrate successfully companies which it may acquire from time to time and ( v ) other risks and uncertainties indicated from time to time in the Company 's filings with the Securities and Exchange Commission . . # # #
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