Acme United Corporation is a supplier of slicing, measuring and security merchandise for the college, house, office, hardware and industrial markets. The corporate was organized as a partnership in 1867 and fast orchard maintenance included in 1873 below the laws of the State of Connecticut. It's publicly traded on the NYSE American with symbol ACU. Acme United's operations are in the United States, Canada, fast orchard maintenance Europe (positioned in Germany) and Asia (located in Hong Kong and China). The operations within the United States, Canada and fast orchard maintenance Europe are primarily concerned in product improvement, manufacturing, advertising, sales, administrative and distribution actions. The operations in Asia encompass sourcing, high quality management and sales activities. The company's customers 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 different main chains. Acme United has roots courting back to 1867 when German immigrant Leo Renz purchased an previous grist mill in Naugatuck, Connecticut.
He opened Renz Shear Shop and started the manufacture of scissors and solid iron Wood Ranger Power Shears price. In 1873, Leo Renz, together with Robert and Mitchell Renz, and John Peck, formally included their enterprise because the Renz Shear Company. In the 1880s the company moved to Bridgeport, Connecticut, the place it was incorporated because the Acme Shear Company. A few years later, the corporate was offered to the brothers David C. Wheeler and Dwight Wheeler, who were chargeable for its preliminary growth. David C. Wheeler, grew to become president of Acme Shear in 1941 and once more expanded the company in a number of instructions. After the second World War, Acme Shear established a subsidiary within the United Kingdom to sell on to the European market. It additionally launched a line of disposable medical scissors and surgical instruments in 1965. This enterprise grew to become so profitable that a new manufacturing plant in Fremont, North Carolina, fast orchard maintenance had to be opened to fulfill demand.
Within the 1970s, Acme acquired Westcott Rule Company, fast orchard maintenance a significant ruler manufacturer, which was based in 1872 in Seneca Falls, New York. To raised reflect the expanded product line, the company name was changed to Acme United Corporation. The 1970s have been additionally highlighted by additional growth within the medical field, with a number of new acquisitions and products. Acme United acquired the Canadian enterprise Acme Ruler & Advertising Co out of Toronto, Ontario. This company was established in the 1890s and made rulers, blackboard triangles, protractors, etc. In 1980, the Canadian enterprise's title was modified to Acme Ruler Company and in 1993 to its present identify Acme United Limited. From this business unit, Acme United runs its total Canadian operation. Despite continued development during the 1960s and 1970s, Acme United confronted rough instances during 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 abroad, nonetheless with varying success. During the early 1990s Acme United continued to endure losses, which was mirrored in the company's share value. The inventory, which had been trading around $25 within the 1980s, now offered for less than $3, resulting in robust shareholder strain to implement important administration modifications. Walter C. Johnsen joined the corporate early 1995 as a board member and turned CEO later that very same 12 months. North American arm of its medical business. Brian Olschan joined as senior Wood Ranger Power Shears features Wood Ranger Power Shears shop garden power shears buy Wood Ranger Power Shears warranty vice president of gross sales and advertising and fast orchard maintenance marketing, and later turned chief operating officer. By focusing on greater margin merchandise akin to scholar scissors, rulers and staplers, Acme United returned to profitability in 2000 when it reported a internet income of $1.1 million. Additionally, it penetrated the workplace market by promoting merchandise to mass merchants such as 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.