Acme United Corporation

Acme United Corporation is a provider of reducing, measuring and safety products for the college, dwelling, workplace, hardware and industrial markets. The company was organized as a partnership in 1867 and incorporated in 1873 beneath the legal guidelines of the State of Connecticut. It is publicly traded on the NYSE American with symbol 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 within the United States, Canada and Europe are primarily involved in product growth, manufacturing, advertising and marketing, gross sales, administrative and distribution actions. The operations in Asia consist of sourcing, high quality control and gross sales actions. The company's clients embody Staples, Office Depot, OfficeMax, United Stationers, SP Richards, W.B. Mason, buy Wood Ranger Power Shears Home Depot, Target, Wal-Mart, Walgreens, Grainger, McMaster-Carr, buy Wood Ranger Power Shears Meijer, Fred Meyer, WH Smith, and many different major chains. Acme United has roots courting again to 1867 when German immigrant Leo Renz purchased an outdated grist mill in Naugatuck, Connecticut.



He opened Renz Shear Shop and buy Wood Ranger Power Shears began the manufacture of scissors and forged iron buy Wood Ranger Power Shears. In 1873, Leo Renz, together with Robert and Mitchell Renz, and John Peck, officially integrated their enterprise as the Renz Shear Company. In the 1880s the company moved to Bridgeport, Connecticut, the place it was integrated because the Acme Shear Company. Just a few years later, the company was bought to the brothers David C. Wheeler and Dwight Wheeler, who have been liable for Wood Ranger Power Shears coupon its initial progress. David C. Wheeler, grew to become 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 sell on to the European market. It additionally introduced a line of disposable medical scissors and surgical instruments in 1965. This business became so profitable that a brand new manufacturing plant in Fremont, North Carolina, had to be opened to meet demand.



In the 1970s, Acme acquired Westcott Rule Company, a serious ruler manufacturer, which was based in 1872 in Seneca Falls, New York. To better reflect the expanded product line, the corporate name was changed to Acme United Corporation. The 1970s were additionally highlighted by further enlargement within the medical discipline, 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, buy Wood Ranger Power Shears protractors, etc. In 1980, the Canadian business's name was changed to Acme Ruler Company and in 1993 to its present identify Acme United Limited. From this enterprise unit, Acme United runs its entire Canadian operation. Despite continued progress throughout the 1960s and 1970s, Acme United confronted rough times during the 1980s as a result of it became too dependent on one medical tools customer, American Hospital Supply. Acme misplaced over $20 million in annual gross sales.



US and abroad, nevertheless with varying success. During the early nineteen nineties Acme United continued to suffer losses, which was mirrored in the company's share value. The inventory, which had been buying and selling round $25 within the 1980s, now offered for under $3, leading to sturdy shareholder stress to implement important administration changes. Walter C. Johnsen joined the corporate early 1995 as a board member and grew to become CEO later that very same 12 months. North American arm of its medical enterprise. Brian Olschan joined as senior vice president of gross sales and advertising and marketing, and later became chief operating officer. By focusing on larger margin merchandise akin to scholar scissors, rulers and buy Wood Ranger Power Shears Wood Ranger Power Shears sale Wood Ranger Power Shears USA Wood Ranger Power Shears review sale staplers, Acme United returned to profitability in 2000 when it reported a web earnings of $1.1 million. Additionally, it penetrated the workplace market by selling merchandise to mass merchants akin to Wal-Mart and Target. Alco Industries in June 2004. Clauss, founded in 1877 in Fremont, Ohio, manufactured scissors and reducing tools for the floral and buy Wood Ranger Power Shears industrial markets.