UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

__________________

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of report (date of earliest event reported): January 8, 2020

ACME UNITED CORPORATION

(Exact name of registrant as specified in its charter)

__________________

Connecticut 001-07698 06-0236700
(State or other jurisdiction of incorporation or organization)

(Commission file number)

 

(I.R.S. Employer

Identification No.)

 

 

55 Walls Drive, Fairfield, Connecticut

 

 

06824

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code: (203) 254-6060

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

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ITEM 8.01. Other Events.

On January 7, 2020, Acme United Corporation issued a press release announcing that it had agreed to acquire the assets of First Aid Central. Based in Laval, Canada, First Aid Central produces and sells a complete line of first aid kits, refills, and safety products to a broad range of industries and end users. Additional information related to the acquisition of First Aid Central can be found in the Company’s press release dated January 7, 2020. A copy of the press release is attached as Exhibit 99.1 to this current report.

(c)       Exhibits

Exhibit Number Description
   
99.1 Press release dated January 7, 2020.

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ACME UNITED CORPORATION
     
 By /s/  Walter C. Johnsen  
  Walter C. Johnsen  
  President and  
  Chief Executive Officer  
     
Dated: January 8, 2020
     
     
     
By /s/  Paul G. Driscoll  
  Paul G. Driscoll  
  Vice President and  
  Chief Financial Officer  
     
Dated: January 8, 2020

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EXHIBIT INDEX

  Exhibit Number Description
     
  99.1 Press release dated January 7, 2020.

 

 

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Exhibit 99.1

 

ACME UNITED CORPORATION NEWS RELEASE
CONTACT: Paul G. Driscoll Acme United Corporation 55 Walls Drive Fairfield, CT 06824
    Phone: (203) 254-6060  

 

FOR IMMEDIATE RELEASE   January 7, 2020  

  

  

ACME UNITED CORPORATION ACQUIRES ASSETS OF FIRST AID CENTRAL

 

FAIRFIELD, CONN. – January 7, 2020 – Acme United Corporation (NYSE MKT:ACU) today announced that its Canadian subsidiary has acquired the assets of First Aid Central, a Canadian first aid and safety supplier. The company had revenues in 2019 of approximately C$4.3 million. The purchase price was not disclosed. The acquisition is expected to be accretive during 2020.

 

Based in Laval, Canada and operating since 2007, First Aid Central produces and sells a complete line of first aid kits, refills, and safety products to a broad range of industries and end users. Its products meet federal Health Canada and provincial regulatory requirements.

 

Acme United has been in the first aid and safety business in the U.S. for over 40 years, selling under the First Aid Only, PhysiciansCare and Pac-Kit brands. It has a customer base of safety and industrial distributors, service fleets, mass market retailers, and office supply superstores and dealers.

 

Walter C. Johnsen, Chairman and CEO of Acme United, said “We are delighted to bring First Aid Central and its talented team of employees into our organization. We intend to use the Laval location to expand production. We believe our global customers will benefit from local production and service of our product line in Canada.”

 

Mr. Johnsen added that Acme United’s first aid and safety segment has been growing steadily due to corporate emphasis on employee safety, regulations that require first aid kits, and new products that control bleeding as well as Acme United’s SafetyHub replenishment technology.

 

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ACME UNITED CORPORATION is a leading worldwide supplier of innovative first aid, safety, and cutting products to the school, home, office, hardware and industrial markets. Its leading brands include First Aid Only, PhysiciansCare, Pac-Kit, Spill Magic, Westcott, Clauss, Camillus, Cuda, and DMT.

 

Forward-looking statements in this press release, 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) international trade policies and their impact on demand for our products and our competitive position, including the imposition of new tariffs or changes in existing tariff rates; and (ix) other risks and uncertainties indicated from time to time in the Company’s filings with the Securities and Exchange Commission.

 

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