Acme United Corporation Acquires Pac-Kit Safety Equipment Company

Acme United Corporation ACU announced today the acquisition of Pac-Kit Safety Equipment Company, a manufacturer of first aid kits for the industrial, safety, transportation, and marine markets. Pac-Kit's revenues in 2010 were approximately $5.4 million. Acme United purchased the accounts receivable, inventory, equipment, brands, historical records, and photographs for $3.4 million. The acquisition is expected to be accretive in 2011.