EXHIBIT 99

                  ACORN PRODUCTS ANNOUNCES EARNINGS PROJECTIONS

         Acorn Products, Inc.'s (NASDAQ: ACRN) management announced today its
financial forecast for transition 2000 and Fiscal Year 2000.

         During the five month transition period, the Company anticipates the
completion of its manufacturing consolidation, the continued re-vitalizing and
strengthening of management and the rest of the organization of the Company, and
the refocusing on restoring its customers confidence and service levels to
acceptable or even advantageous performance levels. Management believes that for
the five month transition period, including the three months ended October 29,
1999, the Company's net loss will be $10 million, or $1.65 per share.

         In Fiscal 2000, the Company intends to focus on improving customer
satisfaction and significantly increasing its sales levels. The Company believes
that these steps will allow it to generate a modest operating profit, but $2.0
million in non-cash amortization and over $6.0 million in interest, will result
in a net loss of approximately $6.4 million ,or $1.07 per share.

         The Company will evaluate and act upon cost reduction opportunities and
any business relationship that are not advantageous to the business in order to
drive the profitability of the business upwards. The Company expects to continue
to see a dramatic improvement in profitability year to year in 2001.

         Acorn Products, Inc., through its operating subsidiary UnionTools,
Inc., is a leading manufacturer and marketer of non-powered lawn and garden
tools in the United States. Acorn's principal products include long handle tools
(such as forks, hoes, rakes and shovels), snow tools, posthole diggers,
wheelbarrows, striking tools, cutting tools and watering products. Acorn sells
its products under a variety of well-known brand names, including
Razor-Back-TM-, Union-TM-, Yard 'n Garden-TM-, Perfect Cut-TM- and, pursuant to
a license agreement, Scotts-TM-. In addition, Acorn manufactures private label
products for a variety of retailers. Acorn's customers include mass merchants,
home centers, buying groups and farm and industrial suppliers.

         Razor-Back-TM-, Union-TM-, Yard 'n Garden-TM- and Perfect Cut-TM- are
registered trademarks of Acorn. Scotts-TM- is a registered trademark of The
Scotts Company.

         The statements contained herein that are not purely historical are
forward looking statements within the meaning of the Securities Exchange Act
of 1934, including statements regarding Acorn's expectations, beliefs, hopes,
intentions or strategies regarding the future. All forward looking statements
contained herein are based upon information available to Acorn as of the date
hereof, and Acorn assumes no obligation to update any such forward looking
statements. Actual results could differ materially from Acorn's current
expectations. Factors that could cause or contribute to such differences
include, but are not limited to, the factors and risks discussed in Acorn's
Annual Report on Form 10-K for the fiscal year ended July 31, 1998, Acorn's
Current Report on Form 8-K dated September 18, 1997, as amended on October
29, 1998 and November 12, 1999, and as may be amended from time to time, and
the other reports filed from time to time by Acorn with the Securities and
Exchange Commission.

Contact: John G. Jacob, Vice President and Chief Financial Officer of Acorn
Products, Inc. (614) 222-4400.