Acme United Corporation is a provider of garden cutting tool, measuring and security products for the college, home, office, hardware and industrial markets. The company was organized as a partnership in 1867 and included in 1873 under the laws 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, garden cutting tool Canada, Europe (positioned in Germany) and Asia (positioned in Hong Kong and China). The operations in the United States, Canada and Europe are primarily concerned in product growth, manufacturing, marketing, gross sales, administrative and distribution actions. The operations in Asia consist of sourcing, high quality management and sales activities. The company's customers include Staples, Office Depot, OfficeMax, United Stationers, Wood Ranger Power Shears sale Ranger cordless power shears Shears for Wood Ranger Power Shears website Wood Ranger Power Shears for sale Power Shears for sale sale SP Richards, W.B. Mason, Home Depot, Target, Wal-Mart, Walgreens, Grainger, McMaster-Carr, Meijer, Fred Meyer, WH Smith, and lots of other major chains. Acme United has roots courting back to 1867 when German immigrant Leo Renz bought an previous grist mill in Naugatuck, Connecticut.

He opened Renz Shear Shop and started the manufacture of scissors and solid iron shears. In 1873, Leo Renz, together with Robert and Mitchell Renz, and John Peck, formally incorporated their business as the Renz Shear Company. In the 1880s the corporate moved to Bridgeport, Connecticut, the place it was integrated as the Acme Shear Company. A couple of years later, the company was offered to the brothers David C. Wheeler and garden cutting tool Dwight Wheeler, who had been accountable 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 instructions. After the second World War, Acme Shear established a subsidiary within the United Kingdom to promote directly to the European market. It additionally introduced a line of disposable medical scissors and surgical devices in 1965. This enterprise turned so profitable that a new manufacturing plant in Fremont, North Carolina, had 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 company title was changed to Acme United Corporation. The 1970s were additionally highlighted by additional expansion in the medical field, with several new acquisitions and products. Acme United acquired the Canadian business Acme Ruler & Advertising Co out of Toronto, Ontario. This firm was established in the 1890s and made rulers, blackboard triangles, protractors, and many others. In 1980, the Canadian enterprise's name was modified to Acme Ruler Company and in 1993 to its present identify Acme United Limited. From this enterprise unit, Acme United runs its total Canadian operation. Despite continued development through the 1960s and 1970s, Acme United confronted rough instances through the 1980s because it became too dependent on one medical instruments buyer, American Hospital Supply. Acme lost over $20 million in annual sales.

US and abroad, however with varying success. During the early 1990s Acme United continued to undergo losses, which was mirrored in the company's share price. The inventory, which had been trading around $25 in the 1980s, now bought for only $3, leading to strong shareholder pressure to implement significant administration modifications. Walter C. Johnsen joined the corporate early 1995 as a board member and became CEO later that very same 12 months. North American arm of its medical enterprise. Brian Olschan joined as senior vice president of gross sales and advertising, and later grew to become chief working officer. By focusing on greater margin products comparable to student scissors, rulers and garden cutting tool staplers, Acme United returned to profitability in 2000 when it reported a web income of $1.1 million. Additionally, it penetrated the office market by promoting merchandise to mass merchants equivalent to Wal-Mart and Target. Alco Industries in June 2004. Clauss, based in 1877 in Fremont, Ohio, manufactured scissors and chopping tools for the floral and industrial markets.

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Pub: 12 Aug 2025 19:18 UTC

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