ACME UNITED CORP (ACU): M&A transaction — Acme United sells Camillus and Cuda product lines to GSM Holdings for $19.8M

ACME UNITED CORP

Sale price of $19.773M; after-tax gain of ~$10.0M expected in Q4 2023.
Divested lines had revenues of ~$12.0M in 2022; deal expected to be earnings breakeven.
Net proceeds to be used to pay down ~$15.0M of bank debt.
Company to focus on primary product lines post-sale.
D.A. Davidson & Co. served as exclusive financial advisor.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

ACME UNITED CORP completed a disposition involving GSM Holdings, Inc. for Nineteen Million Seven Hundred Seventy Three Thousand Dollars ($19,773,000) (closed 2023-11-01).

Action: disposition
Counterparty: GSM Holdings, Inc.
Consideration: Nineteen Million Seven Hundred Seventy Three Thousand Dollars ($19,773,000)
Closing: 2023-11-01

Exact text from the filing

Purchase Price The Purchase Price for the Camillus Business and Cuda Business (collectively, the “Business”) is Nineteen Million Seven Hundred Seventy Three Thousand Dollars ($19,773,000) , as determined in accordance with Sections 3(a) and 3(c)(i) of the Asset Purchase Agreement. At Closing, the Purchaser paid Eighteen Million Two Hundred Seventy Three Thousand

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Source: SEC EDGAR

accession 0000950170-23-058277

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