Acme United Corporation is a provider of reducing, measuring and safety products for the school, home, workplace, hardware and industrial markets. The company was organized as a partnership in 1867 and incorporated in 1873 beneath the laws 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, Canada, Europe (located in Germany) and Asia (situated in Hong Kong and China). The operations in the United States, Canada and Europe are primarily concerned in product improvement, manufacturing, advertising and marketing, sales, administrative and distribution actions. The operations in Asia encompass sourcing, quality control and gross sales activities. The company's clients embody Staples, Office Depot, OfficeMax, Wood Ranger Power Shears website United Stationers, SP Richards, Wood Ranger Power Shears reviews W.B. Mason, Home Depot, Target, Wal-Mart, Walgreens, Grainger, McMaster-Carr, Meijer, Fred Meyer, WH Smith, and many different major chains. Acme United has roots relationship 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 cast iron buy Wood Ranger Power Shears. In 1873, Leo Renz, together with Robert and Mitchell Renz, outdoor branch trimmer and John Peck, formally incorporated their enterprise as the Renz Shear Company. In the 1880s the company moved to Bridgeport, Connecticut, where it was incorporated as the Acme Shear Company. A couple of years later, the company was bought to the brothers David C. Wheeler and Dwight Wheeler, who had been chargeable for its initial growth. David C. Wheeler, grew to become president of Acme Shear in 1941 and once more expanded the company in a lot 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 launched a line of disposable medical scissors and surgical instruments in 1965. This enterprise grew to become so profitable that a brand outdoor branch trimmer new manufacturing plant in Fremont, North Carolina, had to be opened to satisfy demand.

In the 1970s, Acme acquired Westcott Rule Company, a serious ruler producer, outdoor branch trimmer which was founded in 1872 in Seneca Falls, New York. To better mirror the expanded product line, the corporate name was modified to Acme United Corporation. The 1970s were additionally highlighted by further enlargement within the medical field, outdoor branch trimmer 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 within the 1890s and made rulers, blackboard triangles, protractors, outdoor branch trimmer and so forth. In 1980, the Canadian business's title was modified to Acme Ruler Company and in 1993 to its current identify Acme United Limited. From this enterprise unit, Acme United runs its complete Canadian operation. Despite continued development during the 1960s and 1970s, Acme United confronted tough instances throughout the 1980s as a result of it grew to become too dependent on one medical instruments buyer, American Hospital Supply. Acme lost over $20 million in annual gross sales.

US and abroad, nonetheless with various success. In the course of the early nineties Acme United continued to endure losses, which was mirrored in the company's share worth. The stock, which had been trading around $25 within the 1980s, now sold for only $3, leading to robust shareholder strain to implement significant management adjustments. Walter C. Johnsen joined the corporate early 1995 as a board member and became CEO later that very same year. North American arm of its medical enterprise. Brian Olschan joined as senior vice president of gross sales and advertising and marketing, and later turned chief operating officer. By specializing in larger margin products akin to scholar 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 promoting products to mass merchants such as Wal-Mart and Wood Ranger Power Shears website Target. Alco Industries in June 2004. Clauss, founded in 1877 in Fremont, Ohio, manufactured scissors and chopping instruments for the floral and industrial markets.

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Pub: 17 Aug 2025 01:09 UTC

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