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Acme United Corporation Board Approves Cash Dividend

March 28, 2007 at 9:02 AM EDT
FAIRFIELD, Conn., Mar 28, 2007 (BUSINESS WIRE) -- The Board of Directors of Acme United Corporation (AMEX:ACU) declared a cash dividend of 4 cents per share on its outstanding common stock. This represents an increase of 33 percent over each of the previous seven quarterly dividends. The dividend is payable on April 27, 2007 to stockholders of record on the close of business on April 6, 2007.

Walter C. Johnsen, President and CEO said, "I am pleased to announce the increased quarterly dividend. Acme continues to generate strong cash flow and solid earnings."

ACME UNITED CORPORATION is a specialized supplier of cutting devices, measuring instruments, and safety products for school, home, industrial and office use.

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 Company's plans and results of operations will be affected by the Company's ability to manage its growth, and (iii) other risks and uncertainties indicated from time to time in the Company's filings with the Securities and Exchange Commission.

SOURCE: Acme United Corporation

Acme United Corporation
Paul G. Driscoll, 203-254-6060
Fax: 203-254-6521