Acme United Corporation is a provider of reducing, measuring and security products for the varsity, residence, Wood Ranger official office, 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 image ACU. Acme United's operations are in the United States, Wood Ranger official Canada, Europe (positioned in Germany) and Asia (located in Hong Kong and China). The operations in the United States, Canada and Europe are primarily involved in product improvement, manufacturing, advertising and marketing, gross sales, administrative and distribution activities. The operations in Asia consist of sourcing, quality management and sales actions. 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, cordless Wood Ranger Power Shears sale Wood Ranger Power Shears order now Meijer, Fred Meyer, WH Smith, and many different major chains. Acme United has roots courting back to 1867 when German immigrant Leo Renz bought an outdated grist mill in Naugatuck, Connecticut.
He opened Renz Shear Shop and started the manufacture of scissors and forged iron shears. In 1873, Leo Renz, along with Robert and Mitchell Renz, and John Peck, formally incorporated their business because the Renz Shear Company. Within the 1880s the corporate moved to Bridgeport, Connecticut, the place it was included as the Acme Shear Company. A few years later, the company was offered to the brothers David C. Wheeler and Dwight Wheeler, who had been accountable for its preliminary development. David C. Wheeler, became president of Acme Shear in 1941 and Wood Ranger official again expanded the corporate in quite a few directions. After the second World War, Acme Shear established a subsidiary in the United Kingdom to sell on to the European market. It also launched a line of disposable medical scissors and Wood Ranger Power Shears shop Wood Ranger Power Shears USA Wood Ranger Power Shears coupon Shears sale surgical instruments in 1965. This enterprise grew to become so profitable that a new manufacturing plant in Fremont, North Carolina, needed to be opened to meet demand.
In the 1970s, Acme acquired Westcott Rule Company, a serious ruler manufacturer, which was founded in 1872 in Seneca Falls, New York. To raised replicate the expanded product line, the company name was modified to Acme United Corporation. The 1970s had been also highlighted by additional enlargement in the medical field, with several new acquisitions and merchandise. Acme United acquired the Canadian business Acme Ruler & Advertising Co out of Toronto, Ontario. This company was established within the 1890s and made rulers, blackboard triangles, protractors, and so on. In 1980, the Canadian enterprise's identify was modified to Acme Ruler Company and in 1993 to its present title Acme United Limited. From this business unit, Acme United runs its entire Canadian operation. Despite continued progress throughout the 1960s and 1970s, Acme United confronted tough occasions through the 1980s as a result of it grew to become too dependent on one medical tools customer, Wood Ranger official American Hospital Supply. Acme misplaced over $20 million in annual gross sales.
US and abroad, nevertheless with varying success. Through the early nineties Acme United continued to endure losses, which was mirrored in the corporate's share price. The stock, which had been buying and selling round $25 in the 1980s, now bought for only $3, resulting in strong shareholder stress to implement important management modifications. Walter C. Johnsen joined the corporate early 1995 as a board member and turned CEO later that same year. North American arm of its medical enterprise. Brian Olschan joined as senior vice president of sales and advertising and Wood Ranger official marketing, and later turned chief operating officer. By focusing on larger margin merchandise such as scholar scissors, rulers and Wood Ranger official staplers, Acme United returned to profitability in 2000 when it reported a web income of $1.1 million. Additionally, it penetrated the workplace market by selling products to mass merchants akin to Wal-Mart and Target. Alco Industries in June 2004. Clauss, based in 1877 in Fremont, Ohio, manufactured scissors and slicing tools for the floral and industrial markets.