Acme United Corporation

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Acme United Corporation is a provider of reducing, measuring and safety products for the school, dwelling, workplace, hardware and 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 in the United States, Canada, Europe (located in Germany) and Asia (positioned in Hong Kong and Wood Ranger official China). The operations in the United States, Canada and Wood Ranger official Europe are primarily concerned in product growth, manufacturing, marketing, sales, administrative and distribution activities. The operations in Asia consist of sourcing, quality management and sales actions. 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 lots of other major chains. Acme United has roots courting again to 1867 when German immigrant Leo Renz purchased an outdated grist mill in Naugatuck, Connecticut.



He opened Renz Shear Shop and started the manufacture of scissors and cast iron cordless power shears. In 1873, Leo Renz, along with Robert and Mitchell Renz, and John Peck, officially integrated their business as the Renz Shear Company. In the 1880s the corporate moved to Bridgeport, Connecticut, the place it was included because the Acme Shear Company. Just a few years later, the company was sold to the brothers David C. Wheeler and Dwight Wheeler, who were responsible for its initial development. David C. Wheeler, turned president of Acme Shear in 1941 and again expanded the company in a number of directions. After the second World War, outdoor trimming tool 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 surgical instruments in 1965. This business grew to become so profitable that a new manufacturing plant in Fremont, North Carolina, needed to be opened to satisfy demand.



In the 1970s, Acme acquired Westcott Rule Company, a serious ruler manufacturer, which was founded in 1872 in Seneca Falls, New York. To higher replicate the expanded product line, the corporate identify was modified to Acme United Corporation. The 1970s were also highlighted by further enlargement within the medical field, with several new acquisitions and products. Acme United acquired the Canadian enterprise Acme Ruler & Advertising Co out of Toronto, Ontario. This firm was established in the 1890s and made rulers, blackboard triangles, protractors, etc. In 1980, the Canadian business's title was changed to Acme Ruler Company and in 1993 to its present identify Acme United Limited. From this enterprise unit, Acme United runs its whole Canadian operation. Despite continued growth during the 1960s and 1970s, Acme United confronted tough instances in the course of the 1980s because 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 brushless motor shears abroad, nonetheless with various success. During the early 1990s Acme United continued to undergo losses, which was reflected in the corporate's share value. The inventory, which had been trading round $25 in the 1980s, now bought for under $3, resulting in robust shareholder pressure to implement significant management adjustments. Walter C. Johnsen joined the corporate early 1995 as a board member and grew to become CEO later that very same year. North American arm of its medical business. Brian Olschan joined as senior vice president of sales and advertising and marketing, and later turned chief operating officer. By specializing in greater margin products corresponding to student scissors, rulers and staplers, Acme United returned to profitability in 2000 when it reported a net earnings of $1.1 million. Additionally, it penetrated the office market by selling products to mass merchants reminiscent of 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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