FAIRFIELD, Conn--(BUSINESS WIRE)--Sept. 15, 2003--Acme United Corporation (AMEX:ACU) announced today the opening of its new wholly owned subsidiary, Acme United (Asia Pacific) Ltd., based in Hong Kong.

The general manager of the subsidiary is Dennis Liang, who formerly was Sourcing Director for Newell Rubbermaid's Global Sourcing Asia Group, and Vice President Asia Pacific at Fortune Brands.

Walter C. Johnsen, President and CEO said, "I am pleased to announce this important step for Acme United, and to welcome Dennis to our Company. The new subsidiary will permit us to work more closely with our global customers and provide a focal point for Asian sales. Its management will assist in new product commercialization and productivity improvements, and strengthen our quality control programs. We expect the subsidiary to be a profit contributor in the future."

Acme United Corporation is a specialized supplier of cutting, measuring, and safety products for school, home, 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.

    CONTACT: Acme United Corporation, Fairfield
             Paul Driscoll, 203-332-4102

    SOURCE: Acme United Corporation