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ACME UNITED ANNOUNCES FOURTH QUARTER RESULTS

 ACME UNITED ANNOUNCES FOURTH QUARTER RESULTS
 FAIRFIELD, Conn., Feb. 28 /PRNewswire/ -- Acme United Corporation


(AMEX: ACU) today reported net income of $135,047, or 4 cents per share, for the 13-week period ended Dec. 28, 1991. This compares to net income of $87,190, or 3 cents per share, for the fourth quarter of 1990.
 Net sales for the fourth quarter of 1991 were $11,707,496, compared to net sales of $9,972,997 in 1990.
 For the full year, Acme United had net income of $1,334,246, or 41 cents per share. This compares to 1990 net income of $1,300,038, or 40 cents per share, of which 5 cents represented a tax loss carryforward adjustment.
 Net sales for 1991 were $47,835,582, compared to net sales of $44,224,245 in 1990.
 "While sales were up 17 percent in the fourth quarter compared to a year ago, earnings rose only modestly because of the impact of the deepening recession on our U.S. consumer product business as well as certain non-recurring costs involved in the integration of recent foreign acquisitions," commented Henry C. Wheeler, chairman and chief executive officer.
 "As for the year, our performance was led by our international business, with sales up approximately 19 percent over 1990," Wheeler said. "Our medical business had a successful turnaround, with sales up 6 percent in 1991, and our consumer products did well for a recession year, with sales up 1 percent over 1990," he noted.
 "We expect improved sales and profits in 1992, with the help of two recent acquisitions that are strengthening our European and medical products businesses," he said.
 In October 1991, Acme United acquired Peter Altenbach and Sons, a German manufacturer of high quality knives and scissors. In January 1992, Acme United bought the major portion of the medical products business of SePro Healthcare, Inc., the U.S. subsidiary of Seton Healthcare Group of Oldham, England. The latter acquisition gave Acme United exclusive U.S. rights to an extensive line of pressure therapy bandages and specialized wound dressings.
 Acme United is a leading producer of metal disposable surgical instruments, sterile procedure trays, germicidal products and wound-care packs for hospitals and the after-care market as well as the largest producer of household shears, scissors, wooden rulers in the United States and Europe.
 There were 3,273,000 common shares outstanding at year-end.
 ACME UNITED CORPORATION
 Consolidated Statement of Income
 Periods 13 Weeks Year
 Ended 12/28/91 12/29/90 12/28/91 12/29/90
 Sales - net $11,707,496 $9,972,997 $47,835,582 $44,224,245
 Net income (loss)
 before taxes 225,192 24,898 2,537,779 1,976,334
 Net income (loss)
 after taxes $ 135,047 $ 87,190 $ 1,334,246 $ 1,300,038
 Earnings (loss)
 per share $.04 $.03 $.41 $.40
 Dividends per share $.05 $.06 $.17 $.16
 Total stockholders' equity 20,608,546 19,825,916
 -0- 2/28/92
 /CONTACT: Stephen T. Bajda, senior vice president-finance of Acme United, 203-332-7330/
 (ACU) CO: Acme United Corporation ST: Connecticut IN: HEA SU: ERN


GK-TS -- NY007 -- 3600 02/28/92 09:15 EST
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Date:Feb 28, 1992
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