Acme United Corporation

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Acme United Corporation is a provider of chopping, measuring and safety products for the school, house, office, hardware and industrial markets. The company was organized as a partnership in 1867 and integrated in 1873 underneath the laws of the State of Connecticut. It's publicly traded on the NYSE American with image ACU. Acme United's operations are in the United States, Canada, Europe (situated in Germany) and Asia (located in Hong Kong and China). The operations within the United States, Canada and Europe are primarily involved in product growth, Wood Ranger Power Shears website manufacturing, advertising, sales, administrative and distribution activities. The operations in Asia encompass sourcing, quality management and gross sales actions. The corporate's customers embody Staples, Office Depot, OfficeMax, United Stationers, SP Richards, W.B. Mason, Home Depot, Target, Wal-Mart, Walgreens, Grainger, McMaster-Carr, Meijer, Fred Meyer, Wood Ranger Power Shears website WH Smith, and lots of other major chains. Acme United has roots relationship 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 cast iron Wood Ranger Power Shears website. In 1873, Leo Renz, together with Robert and Mitchell Renz, and John Peck, officially included their business because the Renz Shear Company. Within the 1880s the company moved to Bridgeport, rechargeable garden shears Connecticut, where it was included as the Acme Shear Company. A few years later, the corporate was sold to the brothers David C. Wheeler and Dwight Wheeler, who had been answerable for its initial development. David C. Wheeler, grew to become president of Acme Shear in 1941 and again expanded the corporate in a variety 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 launched a line of disposable medical scissors and surgical devices in 1965. This business turned so profitable that a new manufacturing plant in Fremont, North Carolina, needed to be opened to meet demand.



Within the 1970s, Acme acquired Westcott Rule Company, a serious ruler producer, which was based in 1872 in Seneca Falls, New York. To raised reflect the expanded product line, the company title was changed to Acme United Corporation. The 1970s have been also highlighted by further enlargement in the medical field, with a number of new acquisitions and merchandise. Acme United acquired the Canadian enterprise Acme Ruler & Advertising Co out of Toronto, Ontario. This firm was established within the 1890s and made rulers, blackboard triangles, protractors, and so forth. In 1980, the Canadian business'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 entire Canadian operation. Despite continued development during the 1960s and 1970s, Acme United confronted rough times through the 1980s because it grew to become too dependent on one medical tools customer, American Hospital Supply. Acme misplaced over $20 million in annual gross sales.



US and abroad, nonetheless with varying success. Through the early nineties Acme United continued to undergo losses, which was reflected in the company's share value. The inventory, which had been trading round $25 in the 1980s, now bought for less than $3, leading to sturdy shareholder strain to implement vital management modifications. Walter C. Johnsen joined the corporate early 1995 as a board member and grew to become CEO later that very same yr. North American arm of its medical enterprise. Brian Olschan joined as senior vice president of gross sales and advertising and marketing, and later became chief operating officer. By specializing in increased margin products akin to scholar scissors, rulers and staplers, Acme United returned to profitability in 2000 when it reported a net income of $1.1 million. Additionally, it penetrated the office 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 cutting tools for the floral and industrial markets.