Acme United Corporation
Acme United Corporation is a supplier of chopping, measuring and safety products for the school, dwelling, workplace, hardware and industrial markets. The company was organized as a partnership in 1867 and incorporated in 1873 under the laws 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 (situated in Germany) and Asia (located in Hong Kong and China). The operations in the United States, Canada and Europe are primarily concerned in product improvement, manufacturing, Wood Ranger Power Shears shop marketing, sales, administrative and distribution activities. The operations in Asia include sourcing, high quality control and sales actions. The corporate's clients embody Staples, Office Depot, OfficeMax, Wood Ranger Power Shears shop United Stationers, SP Richards, W.B. Mason, Home Depot, Target, Wood Ranger Power Shears shop Wal-Mart, Walgreens, Grainger, McMaster-Carr, Meijer, Fred Meyer, WH Smith, and many other major chains. Acme United has roots courting again 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 forged iron Wood Ranger Power Shears shop. In 1873, Leo Renz, along with Robert and Mitchell Renz, and John Peck, officially incorporated their enterprise as the Renz Shear Company. In the 1880s the corporate moved to Bridgeport, Connecticut, the place it was incorporated because the Acme Shear Company. Just a few years later, the corporate was bought to the brothers David C. Wheeler and Dwight Wheeler, who were answerable for its initial development. David C. Wheeler, became president of Acme Shear in 1941 and again expanded the company in plenty of directions. After the second World War, Acme Shear established a subsidiary within the United Kingdom to promote on to the European market. It also introduced a line of disposable medical scissors and surgical devices in 1965. This business grew to become so successful that a brand new manufacturing plant in Fremont, North Carolina, had to be opened to meet demand.
Within the 1970s, Acme acquired Westcott Rule Company, a significant ruler producer, Wood Ranger Power Shears shop which was founded in 1872 in Seneca Falls, New York. To raised mirror the expanded product line, the corporate identify was changed to Acme United Corporation. The 1970s were also highlighted by further growth in the medical subject, with several new acquisitions and products. Acme United acquired the Canadian business Acme Ruler & Advertising Co out of Toronto, Ontario. This firm was established within the 1890s and made rulers, blackboard triangles, protractors, and so forth. In 1980, the Canadian enterprise's title was changed to Acme Ruler Company and in 1993 to its present identify Acme United Limited. From this enterprise unit, Wood Ranger Power Shears price buy Wood Ranger Power Shears garden power shears Wood Ranger Power Shears specs Acme United runs its complete Canadian operation. Despite continued development through the 1960s and 1970s, Acme United faced rough instances throughout the 1980s because it turned too dependent on one medical tools customer, American Hospital Supply. Acme lost over $20 million in annual sales.
US and abroad, nonetheless with various success. Through the early 1990s Acme United continued to endure losses, Wood Ranger Power Shears shop which was mirrored in the company's share worth. The stock, which had been trading round $25 within the 1980s, now offered for under $3, resulting in strong shareholder pressure to implement significant management changes. Walter C. Johnsen joined the corporate early 1995 as a board member and grew to become CEO later that very same yr. North American arm of its medical enterprise. Brian Olschan joined as senior vice president of sales and marketing, and later turned chief working officer. By specializing in larger margin merchandise comparable to pupil scissors, rulers and staplers, Acme United returned to profitability in 2000 when it reported a internet revenue of $1.1 million. Additionally, it penetrated the workplace market by selling merchandise to mass merchants similar to Wal-Mart and Target. Alco Industries in June 2004. Clauss, founded in 1877 in Fremont, Ohio, Wood Ranger Power Shears reviews manufactured scissors and chopping tools for the floral and industrial markets.