Acme United Corporation

Acme United Corporation is a provider of slicing, measuring and safety products for the college, dwelling, office, hardware and industrial markets. The corporate was organized as a partnership in 1867 and incorporated in 1873 beneath the legal guidelines of the State of Connecticut. It's publicly traded on the NYSE American with symbol ACU. Acme United's operations are in the United States, Canada, Europe (positioned in Germany) and Wood Ranger shears Asia (positioned in Hong Kong and China). The operations in the United States, Canada and Wood Ranger shears Europe are primarily involved in product development, manufacturing, advertising, sales, administrative and distribution activities. The operations in Asia encompass sourcing, quality management and sales activities. The company's prospects 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 plenty of other major Wood Ranger shears chains. Acme United has roots relationship again to 1867 when German immigrant Leo Renz purchased an old grist mill in Naugatuck, Connecticut.



He opened Renz Shear Shop and started the manufacture of scissors and cast iron Wood Ranger shears. In 1873, Leo Renz, together with Robert and Mitchell Renz, and John Peck, formally included their business as the Renz Shear Company. In the 1880s the company moved to Bridgeport, Wood Ranger Power Shears review Wood Ranger Power Shears coupon Power Shears features Connecticut, the place it was incorporated as the Acme Shear Company. A few years later, the company was sold to the brothers David C. Wheeler and Dwight Wheeler, Wood Ranger shears who have been answerable for its initial growth. David C. Wheeler, became president of Acme Shear in 1941 and once more expanded the corporate in various instructions. After the second World War, Acme Shear established a subsidiary within the United Kingdom to promote on to the European market. It additionally launched a line of disposable medical scissors and surgical devices in 1965. This business became so profitable that a new manufacturing plant in Fremont, North Carolina, needed to be opened to satisfy demand.



In the 1970s, Acme acquired Westcott Rule Company, a major ruler producer, which was based in 1872 in Seneca Falls, New York. To better reflect the expanded product line, the company name was modified to Acme United Corporation. The 1970s were additionally highlighted by additional growth 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 company was established in the 1890s and made rulers, blackboard triangles, protractors, and so on. In 1980, the Canadian business's title was changed to Acme Ruler Company and in 1993 to its present identify Acme United Limited. From this business unit, Acme United runs its complete Canadian operation. Despite continued growth in the course of the 1960s and 1970s, Acme United faced rough times through the 1980s as a result of it turned too dependent on one medical tools customer, American Hospital Supply. Acme misplaced over $20 million in annual sales.



US and abroad, nevertheless with varying success. In the course of the early nineteen nineties Acme United continued to endure losses, which was reflected in the corporate's share value. The inventory, which had been trading around $25 within the 1980s, now sold for less than $3, leading to robust shareholder pressure to implement vital management modifications. Walter C. Johnsen joined the corporate early 1995 as a board member and turned CEO later that very same year. North American arm of its medical business. Brian Olschan joined as senior Wood Ranger Power Shears manual Wood Ranger Power Shears warranty cordless power shears Shears sale vice president of sales and marketing, and later turned chief operating officer. By focusing on larger margin merchandise corresponding to pupil scissors, rulers and staplers, Acme United returned to profitability in 2000 when it reported a net earnings of $1.1 million. Additionally, it penetrated the workplace market by selling merchandise to mass merchants resembling Wal-Mart and Target. Alco Industries in June 2004. Clauss, based in 1877 in Fremont, Ohio, manufactured scissors and Wood Ranger shears cutting instruments for the floral and industrial markets.