Acme United Corporation is a supplier of reducing, measuring and safety merchandise for the college, home, workplace, hardware and industrial markets. The corporate was organized as a partnership in 1867 and incorporated in 1873 below the legal guidelines of the State of Connecticut. It is 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 (situated in Hong Kong and China). The operations within the United States, Canada and Wood Ranger Power Shears manual Europe are primarily involved in product improvement, manufacturing, advertising, sales, administrative and distribution actions. The operations in Asia include sourcing, Wood Ranger Power Shears manual quality control and gross sales actions. The company's prospects include Staples, Office Depot, OfficeMax, United Stationers, SP Richards, W.B. Mason, Home Depot, Target, Wal-Mart, Wood Ranger Power Shears manual 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 started the manufacture of scissors and cast iron Wood Ranger Power Shears manual. In 1873, Leo Renz, along 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, where it was incorporated because the Acme Shear Company. A few years later, the company was sold to the brothers David C. Wheeler and Dwight Wheeler, who were responsible for its preliminary development. David C. Wheeler, grew to become president of Acme Shear in 1941 and once more expanded the corporate in numerous instructions. After the second World War, Acme Shear established a subsidiary within the United Kingdom to sell directly to the European market. It additionally introduced a line of disposable medical scissors and surgical devices in 1965. This enterprise grew to become so successful that a brand new manufacturing plant in Fremont, North Carolina, needed to be opened to meet demand.

In the 1970s, Acme acquired Westcott Rule Company, a significant ruler producer, which was founded in 1872 in Seneca Falls, New York. To higher replicate the expanded product line, the corporate name was modified to Acme United Corporation. The 1970s had been also highlighted by further expansion in the medical area, with a number of new acquisitions and merchandise. Acme United acquired the Canadian business Acme Ruler & Advertising Co out of Toronto, Ontario. This company was established in the 1890s and made rulers, blackboard triangles, Wood Ranger Power Shears website protractors, etc. In 1980, the Canadian business's title was changed to Acme Ruler Company and in 1993 to its present name Acme United Limited. From this enterprise unit, Wood Ranger Power Shears manual Acme United runs its total Canadian operation. Despite continued development through the 1960s and 1970s, Acme United faced rough times during the 1980s as a result of it grew to become too dependent on one medical instruments buyer, American Hospital Supply. Acme misplaced over $20 million in annual gross sales.

US and buy Wood Ranger Power Shears abroad, nonetheless with varying success. During the early 1990s Acme United continued to endure losses, which was reflected in the corporate's share value. The inventory, which had been buying and selling round $25 in the 1980s, Wood Ranger Power Shears order now bought for only $3, resulting in strong shareholder stress to implement vital administration modifications. Walter C. Johnsen joined the corporate early 1995 as a board member and turned CEO later that same yr. North American arm of its medical business. Brian Olschan joined as senior vice president of sales and advertising and marketing, Wood Ranger Power Shears manual and later became chief working officer. By focusing on higher margin merchandise akin to 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 promoting merchandise to mass merchants corresponding to Wal-Mart and Target. Alco Industries in June 2004. Clauss, founded in 1877 in Fremont, Ohio, manufactured scissors and chopping tools for the floral and industrial markets.

Edit

Pub: 02 Sep 2025 02:52 UTC

Views: 18