Acme United CorporationAcme United Corporation

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Acme United Corporation Acquires Assets
of the C-Thru Ruler Company

06/07/2012

FAIRFIELD, Conn.--(BUSINESS WIRE)--Jun. 7, 2012-- Acme United Corporation (NYSE AMEX:ACU) announced today the acquisition of selected assets of The C-Thru Ruler Company, a leading supplier of drafting, measuring, lettering and stencil products. Acme will not be purchasing the scrap booking business, which was part of the company and will be operated separately.

C-Thru Ruler’s non-scrap booking revenues in 2011 were approximately $2.7 million. Acme United purchased the inventory, tooling, brands, and other intellectual property for approximately $1.47 million. The acquisition is expected to be accretive in 2012.

The C-Thru Ruler Company was formed in 1939 in Hartford, CT by Jennie Zachs, a teacher, who saw the need for transparent measuring tools – rulers, triangles, curves, and protractors. The Company developed a strong reputation in the school and craft markets for high quality measuring devices, and for specialized products for drafting, designing and drawing.

Walter C. Johnsen, Chairman and CEO said, “The C-Thru product line extends the offering of our Westcott cutting and measuring tools. Its customer base strengthens our presence in the school and craft markets. We believe there are substantial opportunities to expand its product placement in our craft, home, hardware, and office distribution channels.”

Mr. Johnsen added that the acquisition will be largely absorbed by existing staff and facilities within Acme United.

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