Acme United Corporation Receives North Carolina Grant

  Acme United Corporation Receives North Carolina Grant

Business Wire

FAIRFIELD, Conn. -- August 18, 2014

Acme United Corporation (NYSE MKT:ACU) today announced it has received a
$400,000 Building Reuse Grant from Edgecombe County and the North Carolina
Department of Commerce. The grant is in the form of a promissory note that
will be forgiven based on job growth in the Company’s Rocky Mount, NC
facility.

The Rocky Mount property consists of 340,000 square feet of office,
manufacturing, and warehouse space on 33 acres. It was acquired for $2.8
million in the bankruptcy of Roomstore, Inc. on August 30, 2013. Acme United
has consolidated two distribution centers in the facility, and plans to add
employees for manufacturing, distribution, and growth.

Walter C. Johnsen, Chairman and CEO said, “We are delighted with the grant and
look forward to continuing to expand in North Carolina. We would like to thank
the Rocky Mount City Council, the North Carolina Department of Commerce, and
the Edgecombe County Board of Commissioners for their support and assistance.”

Mr. Johnsen added that the Company would like to acknowledge the efforts of
the Carolinas Gateway Partnership which helped prepare the application and
followed it throughout the funding process. They were truly committed to
bringing jobs to the Rocky Mount community, and were instrumental in making
the grant happen.

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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