Acme United Corporation is a provider of cutting, measuring and safety products for the varsity, dwelling, workplace, hardware and Wood Ranger Power Shears review industrial markets. The company 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 image ACU. Acme United's operations are within the United States, Canada, Europe (positioned in Germany) and Asia (situated in Hong Kong and China). The operations in the United States, Canada and Europe are primarily involved in product improvement, manufacturing, advertising, gross sales, administrative and distribution actions. The operations in Asia consist of sourcing, high quality control and gross sales activities. The corporate's clients include Staples, Office Depot, OfficeMax, United Stationers, SP Richards, W.B. Mason, Home Depot, Target, Wal-Mart, Walgreens, Grainger, McMaster-Carr, Meijer, Fred Meyer, WH Smith, and plenty of other major chains. Acme United has roots dating back to 1867 when German immigrant Leo Renz purchased an outdated grist mill in Naugatuck, Connecticut.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 forged iron Wood Ranger Power Shears USA. In 1873, Leo Renz, together with Robert and Mitchell Renz, Wood Ranger official and John Peck, officially incorporated their enterprise because the Renz Shear Company. Within the 1880s the company moved to Bridgeport, Connecticut, the place it was incorporated because the Acme Shear Company. A number of years later, the corporate was bought to the brothers David C. Wheeler and Dwight Wheeler, who had been accountable for its initial progress. David C. Wheeler, grew to become president of Acme Shear in 1941 and again expanded the company in a number of instructions. 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 became so successful that a brand new manufacturing plant in Fremont, North Carolina, needed to be opened to fulfill demand.

In the 1970s, Acme acquired Westcott Rule Company, a major ruler manufacturer, which was founded in 1872 in Seneca Falls, New York. To higher mirror the expanded product line, the corporate title was changed to Acme United Corporation. The 1970s have been additionally highlighted by additional growth in the medical discipline, with a number of 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 many others. In 1980, the Canadian enterprise's title was modified to Acme Ruler Company and in 1993 to its current name Acme United Limited. From this business unit, Acme United runs its entire Canadian operation. Despite continued progress throughout the 1960s and 1970s, Acme United faced tough instances during the 1980s because it turned too dependent on one medical tools customer, American Hospital Supply. Acme misplaced over $20 million in annual sales.

US and abroad, however with varying success. Through the early nineties Acme United continued to suffer losses, which was reflected in the company's share value. The stock, which had been buying and selling around $25 in the 1980s, now sold for only $3, leading to sturdy shareholder strain to implement important management adjustments. Walter C. Johnsen joined the corporate early 1995 as a board member and became CEO later that same yr. North American arm of its medical business. Brian Olschan joined as senior vice president of gross sales and marketing, and later became chief working officer. By specializing in greater margin merchandise such as scholar 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 selling products to mass merchants akin to Wal-Mart and Target. Alco Industries in June 2004. Clauss, founded in 1877 in Fremont, Ohio, git.repo.in.net manufactured scissors and slicing tools for the floral and industrial markets.

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Pub: 11 Aug 2025 22:12 UTC

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