---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-058277"
form_type: "8-K"
ticker: "ACU"
cik: "0000002098"
company_name: "ACME UNITED CORP"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T01:10:32.772907+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Acme United sells Camillus and Cuda product lines to GSM Holdings for $19.8M

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-058277
- form_type: 8-K
- ticker: ACU
- cik: 0000002098
- company_name: ACME UNITED CORP
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2098/000095017023058277/0000950170-23-058277-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2098/000095017023058277/acu-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-058277
- JSON: https://secwatch.observer/filing/0000950170-23-058277.json
- Plain text: https://secwatch.observer/filing/0000950170-23-058277.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/2098/000095017023058277/0000950170-23-058277-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.