Acme United Corporation Receives Mortgage Repayment

  Acme United Corporation Receives Mortgage Repayment

Business Wire

FAIRFIELD, Conn. -- August 21, 2013

Acme United Corporation (NYSE MKT:ACU) today announced that it has received
$1.74 million from the repayment of the mortgage from the purchaser of its
former manufacturing site in Bridgeport, CT. The proceeds will be used to
reduce debt.

In 2008, Acme United sold the property to B&E Juices, Inc. for $2.5 million,
and provided seller financing of $2.0 million. It also undertook the
obligation for environmental remediation in accordance with State of
Connecticut statutes.

Walter C. Johnsen, Chairman and CEO said, “The receipt of the mortgage
proceeds represents another step in the wind down of our activities with the
former site. We have completed remediation, filed a land use restriction, and
now have received full payment from the sale. We plan to continue monitoring
for two years, and then file the appropriate paperwork for completion of the
project.”

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®,
PhysiciansCare ® 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)
changes in the Company’s plans, strategies, objectives, expectations and
intentions, which may be made at any time at the discretion of the Company;
(ii) the impact of uncertainties in global economic conditions, including the
impact on the Company’s suppliers and customers (iii) changes in client needs
and consumer spending habits; (iv) the impact of competition and technological
changes on the company (v) the Company’s ability to manage its growth
effectively, including its ability to successfully integrate any business it
might acquire; (vi) currency fluctuations; and (vii) other risks and
uncertainties indicated from time to time in the Company’s filings with the
Securities and Exchange Commission.

Contact:

Acme United Corporation
Paul G. Driscoll, 203-254-6060
Fax: 203-254-6521
 
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