Acme United Corp. announced that it has amended its loan agreement with HSBC Bank, N.A., dated April 5, 2012. The current five-year facility provides for borrowings up to $30 million at an interest rate of LIBOR plus 1.75%. The amended agreement provides for borrowings up to $40 million at the same interest rate. The agreement expires on April 5, 2017. This facility is intended to provide liquidity for growth, share repurchases, dividends, acquisitions, and other related business activities.

Acme United Corp. (AMEX:ACU) seeks acquisitions. Acme United amended its loan agreement with HSBC Bank and increased five-year facility provides for borrowings up to $30 million at an interest rate of LIBOR plus 1.75% to borrowings up to $40 million at the same interest rate. Acme United will use the facility to provide liquidity for growth, share repurchases, dividends, acquisitions, and other related business activities.

Acme United Corp. announced consolidated unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net sales of $17,651,000 against $16,878,000 a year ago, a 5% increase. Income from operations was $513,000 against $458,000 a year ago. Pre-tax income was $441,000 against $360,000 a year ago. Net income was $309,000 against $260,000 a year ago. Earnings per basic and diluted share were $0.10 against $0.08 a year ago. The company believes they are on track for $90 million to $95 million in revenues in 2013. If this occurs, the company has given guidance of a $1.20 to $1.25 per share for the year.