FAIRFIELD, Conn., Mar 30, 2005 (BUSINESS WIRE) -- Acme United Corporation (AMEX:ACU) announced today that its Board of Directors approved a new stock repurchase program of 150,000 common shares.

Acme United Corporation has completed its previous stock repurchase program. The Board of Directors previously approved an authorization to repurchase up to 150,000 shares of common stock in July 2003. Pursuant to this prior authorization, the Company repurchased approximately 142,000 shares of common stock as of March 30, 2005.

Walter C. Johnsen, President and CEO, said, "Acme United has continued to perform well. The company reported earlier this month net income of $3.2 million or $.85 per diluted share for the year 2004 compared to $1.2 million or $.34 per diluted share in 2003. Business continues to be strong and it is management's belief that the repurchase represents an attractive use of cash for our shareholders."

There were 3,562,671 shares outstanding as of March 15, 2005.

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, 203-332-7330
Fax: 203-576-1547