Acme United Corporation Announces Slice, Inc. Distribution Agreement
September 25 2018 - 9:18AM
Acme United Corporation (NYSE American: ACU) today announced that
it has signed a global agreement to build and sell cutting tools
featuring safety blades designed by Slice, Inc., a leader in safety
cutting tools.
The product line will be marketed under the
Westcott brand, featuring Slice safety blades, and will be launched
at the National Safety Conference in Houston, Texas on October 22,
2018. The safety cutters will include Slice ceramic blades,
which last up to 11 times longer than metal blades, and are much
safer than traditional blades. Additional safety tools will be
launched in early 2019.
Walter C. Johnsen, Chairman and CEO of Acme
United said, “The expertise and input from Slice, Inc. combined
with Westcott innovation and quality have created powerful tools
for the industrial, school, home, and retail safety segments. We
are eager to continue to provide the very best in safe cutting
tools to our customers.”
T.J. Scimone, CEO of Slice, Inc. commented,
“Slice is pleased to find a wider audience for our patent-pending
finger-friendly safety blades. When companies work together for
better safety, everybody wins.”
Mr. Johnsen added that the entire Acme United
team is excited about working with Slice, Inc. and looks forward to
a long relationship.
Acme United Corporation is a leading worldwide
supplier of innovative cutting, and safety products for the school,
home, office, sporting goods, and industrial markets.
Slice, Inc.’s commitment to safety shows in
innovative designs, including the patent-pending finger-friendly®
blade edge. With a holistic approach to safety, Slice improves the
ergonomics and durability of common cutting and scraping tools to
boost workplace safety for everyone.
ACME UNITED CORPORATION is a
leading worldwide supplier of innovative safety solutions and
cutting technology to the school, home, office, hardware, sporting
goods and industrial markets. Its leading brands include First Aid
Only®, PhysiciansCare®, Pac-Kit®, Spill Magic®, Westcott®,
Clauss®, Camillus®, Cuda®, and DMT®. For more information, visit
www.acmeunited.com.
Forward Looking
StatementsForward-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; (vii) increases in the
cost of borrowings resulting from rising interest rates; (viii)
uncertainties arising from the interpretation and application of
the U.S. Tax Cuts and Jobs Act enacted in December 2017; and (ix)
other risks and uncertainties indicated from time to time in the
Company’s filings with the Securities and Exchange Commission.
CONTACT:Paul G. DriscollAcme United
Corporation55 Walls DriveFairfield, CT 06824Phone: (203)
254-6060FAX: (203) 254-6521
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