Acme United Corporation

Acme United Corporation is a supplier of chopping, measuring and security products for the varsity, Wood Ranger Power Shears price Wood Ranger Power Shears order now electric power shears Wood Ranger Power Shears sale manual home, office, hardware and industrial markets. The corporate was organized as a partnership in 1867 and integrated in 1873 beneath the legal guidelines of the State of Connecticut. It's publicly traded on the NYSE American with image ACU. Acme United's operations are within the United States, Canada, Europe (situated in Germany) and Asia (positioned in Hong Kong and China). The operations in the United States, Canada and Europe are primarily concerned in product development, manufacturing, advertising and marketing, gross sales, administrative and distribution activities. The operations in Asia consist of sourcing, high quality control and gross sales actions. The corporate's clients embody Staples, Office Depot, OfficeMax, United Stationers, SP Richards, W.B. Mason, Home Depot, Target, Wal-Mart, Walgreens, Grainger, McMaster-Carr, Meijer, Fred Meyer, WH Smith, and lots of different main chains. Acme United has roots courting back to 1867 when German immigrant Leo Renz purchased an old grist mill in Naugatuck, Connecticut.



He opened Renz Shear Shop and began the manufacture of scissors and solid iron wood shears. In 1873, Leo Renz, along with Robert and Mitchell Renz, and John Peck, formally integrated their business as the Renz Shear Company. In the 1880s the corporate moved to Bridgeport, Connecticut, the place it was integrated as the Acme Shear Company. A number of years later, the company was offered to the brothers David C. Wheeler and Dwight Wheeler, who had been answerable for its initial progress. David C. Wheeler, turned president of Acme Shear in 1941 and once more expanded the company in a number of instructions. After the second World War, Acme Shear established a subsidiary in the United Kingdom to promote directly to the European market. It additionally launched a line of disposable medical scissors and surgical devices in 1965. This business turned so successful that a new manufacturing plant in Fremont, outdoor trimming tool North Carolina, had to be opened to meet demand.



In the 1970s, Acme acquired Westcott Rule Company, a significant ruler manufacturer, which was based in 1872 in Seneca Falls, New York. To raised reflect the expanded product line, the company identify was changed to Acme United Corporation. The 1970s have been also highlighted by additional expansion in the medical area, with several new acquisitions and merchandise. Acme United acquired the Canadian enterprise Acme Ruler & Advertising Co out of Toronto, Ontario. This firm was established in the 1890s and made rulers, blackboard triangles, protractors, etc. In 1980, the Canadian enterprise's identify was changed to Acme Ruler Company and in 1993 to its current name Acme United Limited. From this enterprise unit, Acme United runs its complete Canadian operation. Despite continued growth during the 1960s and 1970s, Acme United faced tough times through the 1980s as a result of it became too dependent on one medical instruments buyer, American Hospital Supply. Acme misplaced over $20 million in annual sales.



US and abroad, nevertheless with various success. In the course of the early nineteen nineties Acme United continued to endure losses, which was reflected in the corporate's share price. The stock, which had been trading round $25 within the 1980s, now offered for less than $3, resulting in robust shareholder stress to implement important administration changes. Walter C. Johnsen joined the company early 1995 as a board member and outdoor trimming tool turned CEO later that very same year. North American arm of its medical business. Brian Olschan joined as senior vice president of gross sales and advertising, and later grew to become chief working officer. By focusing on increased margin products reminiscent of student scissors, rulers and staplers, Acme United returned to profitability in 2000 when it reported a internet earnings of $1.1 million. Additionally, it penetrated the workplace market by selling products to mass merchants such as Wal-Mart and Target. Alco Industries in June 2004. Clauss, based in 1877 in Fremont, Ohio, manufactured scissors and slicing tools for the floral and industrial markets.