Acme United Corporation Acquires Manufacturing and Distribution Facility

  Acme United Corporation Acquires Manufacturing and Distribution Facility

Business Wire

FAIRFIELD, Conn. -- August 30, 2013

Acme United Corporation (NYSE MKT:ACU) today announced the purchase of a
manufacturing and distribution center in Rocky Mount, North Carolina for $2.8
million. It was acquired from the Chapter 7 bankruptcy liquidation of
RoomStore, Inc.

The property consists of 340,000 square feet of office, manufacturing, and
warehouse space on 33 acres. The warehouse has 40 foot ceilings with 27 bay
doors. It adjoins a CSX railroad spur, is convenient to major interstate
highways and ports, and is 30 miles from the Company’s Fremont, NC plant. The
facility will be used to consolidate two distribution centers and to provide
space for manufacturing and growth.

Walter C. Johnsen, Chairman and CEO said, “The property is assessed for taxes
at $5.9 million and has an estimated replacement cost of $13.5 million. We
anticipate an investment of approximately $500,000 to upgrade the buildings
and equipment in the coming quarters, and about $300,000 in one-time, double
running costs and moving expenses through year end. We expect to begin to
generate savings in 2014.”

Mr. Johnsen said he would like to thank the Rocky Mount City Council, the
Carolinas Gateway Partnership, the North Carolina Department of Commerce, and
the Edgecombe County Board of Commissioners for their support, and for
assistance with financial incentives for growth. These partnerships and
collaboration of support were key to the decision to locate and expand in
Rocky Mount.

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) 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, (v)
the Company’s ability to successfully integrate acquired business; and (vi)
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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