Acme United Corporation Board Approves Stock Buyback
FAIRFIELD, Conn., Nov 22, 2010 -- Acme United Corporation (NYSE AMEX:ACU) announced today that its Board of Directors approved a new stock repurchase program of up to 200,000 common shares.
Walter C. Johnsen, Chairman and CEO said, "The Company believes that purchasing its stock is an attractive use of its cash."
There were 3,069,337 shares outstanding as of November 19, 2010.
Acme United Corporation
Paul G. Driscoll