Acme United Corporation is a provider of reducing, measuring and safety merchandise for the varsity, dwelling, office, hardware and industrial markets. The company was organized as a partnership in 1867 and included in 1873 underneath 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 (located in Germany) and Asia (situated in Hong Kong and China). The operations within the United States, Canada and Europe are primarily involved in product growth, manufacturing, advertising, Wood Ranger Power Shears USA sales, administrative and distribution activities. The operations in Asia encompass sourcing, quality control and sales actions. The company's clients include Staples, Office Depot, OfficeMax, United Stationers, SP Richards, W.B. Mason, Home Depot, Target, Wood Ranger Power Shears USA Ranger Power Shears website Wal-Mart, Walgreens, Grainger, McMaster-Carr, Wood Ranger Power Shears USA Meijer, Fred Meyer, WH Smith, and many other main 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 Acme United has roots courting again to 1867 when German immigrant Leo Renz purchased an outdated grist mill in Naugatuck, Connecticut.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 began the manufacture of scissors and cast iron Wood Ranger Power Shears USA. In 1873, Leo Renz, Wood Ranger Power Shears USA together with Robert and Mitchell Renz, and John Peck, formally integrated their enterprise because the Renz Shear Company. Within the 1880s the company moved to Bridgeport, Connecticut, where it was incorporated because the Acme Shear Company. A couple of years later, the corporate was sold to the brothers David C. Wheeler and Dwight Wheeler, who had been answerable for its initial growth. David C. Wheeler, became president of Acme Shear in 1941 and again expanded the corporate in numerous directions. After the second World War, Acme Shear established a subsidiary within the United Kingdom to promote directly to the European market. It also introduced a line of disposable medical scissors and surgical devices in 1965. This enterprise grew to become 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 manufacturer, which was founded in 1872 in Seneca Falls, New York. To raised mirror the expanded product line, the company identify was modified to Acme United Corporation. The 1970s had been also highlighted by further 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 company was established in the 1890s and made rulers, blackboard triangles, protractors, and so on. In 1980, the Canadian enterprise's identify was changed to Acme Ruler Company and in 1993 to its present title Acme United Limited. From this business unit, Acme United runs its complete Canadian operation. Despite continued development throughout the 1960s and 1970s, Acme United confronted rough occasions through the 1980s as a result of it became too dependent on one medical tools buyer, American Hospital Supply. Acme lost over $20 million in annual sales.

US and abroad, nonetheless with varying success. Through the early 1990s Acme United continued to endure losses, which was reflected in the corporate's share value. The stock, which had been buying and selling round $25 in the 1980s, now offered for only $3, leading to strong shareholder strain to implement important administration changes. Walter C. Johnsen joined the company 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 gross sales and advertising, and later became chief operating officer. By focusing on higher margin products similar to pupil scissors, rulers and staplers, Acme United returned to profitability in 2000 when it reported a net revenue of $1.1 million. Additionally, it penetrated the office market by promoting products to mass merchants comparable to Wal-Mart and Target. Alco Industries in June 2004. Clauss, based in 1877 in Fremont, Ohio, manufactured scissors and slicing instruments for the floral and industrial markets.

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Pub: 06 Sep 2025 23:18 UTC

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