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ACME UNITED TO ACQUIRE U.S. MEDICAL PRODUCTS BUSINESS

 ACME UNITED TO ACQUIRE U.S. MEDICAL PRODUCTS BUSINESS
 FAIRFIELD, Conn., Jan. 14 /PRNewswire/ -- Acme United Corporation


(AMEX: ACU) has contracted to acquire the major portion of the U.S. medical products business of SePro Healthcare, Inc., the U.S. subsidiary of Seton Healthcare Group plc of Oldham, England.
 Acme United agreed to buy certain SePro assets, including inventory and SePro's 32,000 square foot building in Moorestown, N.J., and entered into distribution agreements with Seton Healthcare International Limited for exclusive U.S. rights to an extensive line of state-of-the-art pressure therapy bandages and specialized wound dressings. The price will be $5.4 million, of which $500,000 will be in Acme United common stock. The products being acquired had 1991 sales of approximately $4 million.
 The transaction is scheduled to be completed on or before Jan. 31, 1992.
 "This acquisition reinforces Acme United's commitment to the medical products business," said Henry C. Wheeler, chairman and chief executive officer. "It comes at a time when we have turned our medical business around and its sales and profits are gaining momentum."
 Under the agreement, Acme United will distribute in the United States all of Seton's U.K.-manufactured medical products that are compatible with Acme's marketing strategies and distribution network. The agreement includes Lyofoam polyurethane foam dressings, which Acme United has distributed since 1985. It also provides for Acme to introduce and distribute Seton's newest pressure sensitive bandage, Setopress. In addition, Acme United will have access to Seton for distribution of future medical products, and Seton will have access to Acme United medical products for Europe.
 "This acquisition is significant because it expands Acme United's medical products business to comprise a broad array of sophisticated bandages and wound dressings that are of great demand not only in hospitals but especially in the nursing home and home care markets where we are doing quite well," Wheeler commented.
 "This move puts Acme United in a strong position to market the Seton products along with our present line of wound dressings, I.V. therapy products and surgical procedure kits and trays," he said.
 During the past two years, Acme United has made three other acquisitions, all of them in Europe. It purchased Emil Schlemper GmbH & Co., Germany's largest manufacturer of scissors, shears and manicure implements, in January 1990; Homeric Ltd., an English manufacturer of cold-forged scissors, shears and disposable medical scissors, in July 1990; and Peter Altenbach and Sons, a German manufacturer of high-quality knives and scissors, in October 1991.
 Acme United is the largest producer of household shears, scissors, wooden rulers and yardsticks in the United States and Europe as well as a leading producer of metal disposable surgical instruments, sterile procedure trays, germicidal products and wound-care packs for use in hospitals and alternate care markets.
 -0- 1/14/92
 /CONTACT: Jim Plunkett for Acme United, 203-331-1017/
 (ACU) CO: Acme United Corporation; SePro Healthcare, Inc.; Seton Healthcare
 Group plc ST: Connecticut IN: HEA SU: TNM


FC-TS -- NY007 -- 9413 01/14/92 09:15 EST
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Date:Jan 14, 1992
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