Acme United Corporation (NYSE AMEX: ACU) announced today that YB Pek has joined the Company as Vice President and General Manager (Asia Pacific). He was formerly General Manager of Phillips NV consumer products in Zhuhai, China, responsible for 1,500 people.
Mr. Pek will be responsible for all operational aspects of the Asian Pacific business, including product development, manufacturing, quality control, supply chain, and finance. He will be based in Hong Kong.
Walter C. Johnsen, Chairman and CEO said, “We intend to raise the bar of excellence and quality. YB brings world class expertise in high volume production, cost savings, and coating technology. Our foundation in Asia is strong, and with his expertise, we hope to take our performance to another level. I am delighted to welcome YB Pek to our team.”
ACME UNITED CORPORATION is a leading worldwide supplier of innovative cutting, measuring and safety products to the school, home, office, hardware and industrial markets.Forward-looking statements in this report, including without limitation, statements related to the Company’s plans, strategies, objectives, expectations, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties including, without limitation, the following: (i) the Company’s plans, strategies, objectives, expectations and intentions are subject to change at any time at the discretion of the Company; (ii) the impact of current uncertainties in global economic conditions and the ongoing financial crisis affecting the domestic and foreign banking system and financial markets, including the impact on the Company’s suppliers and customers (iii) currency fluctuations (iv) the Company’s plans and results of operations will be affected by the Company’s ability to manage its growth, and (v) other risks and uncertainties indicated from time to time in the Company’s filings with the Securities and Exchange Commission.