Acme United Corporation Announces New Bank Facility
January 26, 2010 12:10 PM Eastern Time
FAIRFIELD, Conn.--(EON: Enhanced Online News)--Acme United Corporation (NYSE AMEX:ACU) today announced that it
loan agreement with Wachovia Bank, N.A. The new two-year facility provides for borrowings up to $18 million at an interest rate o
2%. The agreement expires on January 31, 2012.
This facility is intended to provide liquidity for growth, share repurchases, dividends, acquisitions, and other related business activitie
Walter C. Johnsen, Chairman and CEO said, “Acme United continues to generate strong sales, earnings, and cash flow. During the
the Company has repurchased 6% of its outstanding shares and reduced debt.”
He added that he is pleased to continue to have the support of Wachovia Bank, and looks forward to continuing to build Acme Uni
internal growth and acquisitions.
ACME UNITED CORPORATION is an innovative supplier of cutting devices, measuring instruments, and safety products for s
office, hardware and industrial use. Its leading brands include Westcott®, Clauss®, and PhysiciansCare ®.
Forward-looking statements in this report, including without limitation, statements related to the Company’s plans, strategies, objecti
intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform A
Investors are cautioned that such forward-looking statements involve risks and uncertainties including without limitation the following
Company’s plans, strategies, objectives, expectations and intentions are subject to change at any time at the discretion of the Comp
Company’s plans and results of operations will be affected by the Company’s ability to manage its growth, and (iii) other risks and
indicated from time to time in the Company’s filings with the Securities and Exchange Commission.
Acme United Corporation
Paul G. Driscoll, 203-254-6060