Acme United Corporation is a provider of chopping, measuring and security merchandise for the varsity, dwelling, workplace, hardware and industrial markets. The company was organized as a partnership in 1867 and incorporated in 1873 underneath the laws of the State of Connecticut. It's publicly traded on the NYSE American with symbol ACU. Acme United's operations are within the United States, Canada, Europe (situated in Germany) and Asia (located in Hong Kong and China). The operations within the United States, Canada and Wood Ranger Power Shears official site Europe are primarily involved in product improvement, manufacturing, marketing, gross sales, Wood Ranger Power Shears reviews administrative and distribution activities. The operations in Asia consist of sourcing, high quality management and sales activities. The corporate's prospects 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 many different main chains. Acme United has roots relationship back to 1867 when German immigrant Leo Renz purchased an old grist mill in Naugatuck, Connecticut.
He opened Renz Shear Shop and started the manufacture of scissors and cast iron Wood Ranger Power Shears reviews. In 1873, Leo Renz, together with Robert and Mitchell Renz, and John Peck, formally incorporated their enterprise because the Renz Shear Company. Within 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 had been liable for its preliminary growth. David C. Wheeler, became president of Acme Shear in 1941 and once more expanded the corporate in various directions. After the second World War, Acme Shear established a subsidiary within the United Kingdom to sell directly to the European market. It additionally introduced a line of disposable medical scissors and surgical devices in 1965. This business grew to become so profitable that a brand Wood Ranger Power Shears reviews new manufacturing plant in Fremont, North Carolina, needed to be opened to meet demand.
In the 1970s, Acme acquired Westcott Rule Company, a significant ruler producer, which was founded in 1872 in Seneca Falls, New York. To better replicate the expanded product line, the company name was changed to Acme United Corporation. The 1970s have been also highlighted by additional enlargement in the medical area, with several new acquisitions and merchandise. 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, etc. In 1980, the Canadian business's identify was modified to Acme Ruler Company and in 1993 to its current name Acme United Limited. From this business unit, power shears Acme United runs its complete Canadian operation. Despite continued development through the 1960s and 1970s, Acme United confronted tough occasions through the 1980s because it grew to become too dependent on one medical instruments customer, American Hospital Supply. Acme lost over $20 million in annual gross sales.
US and abroad, however with varying success. During the early nineteen nineties Acme United continued to suffer losses, which was mirrored in the corporate's share value. The inventory, which had been trading round $25 in the 1980s, now sold for less than $3, resulting in sturdy shareholder pressure to implement significant management modifications. Walter C. Johnsen joined the company early 1995 as a board member and turned CEO later that same year. North American arm of its medical business. Brian Olschan joined as senior vice president of sales and Wood Ranger Power Shears reviews marketing, and later became chief operating officer. By focusing on higher margin products such as student 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 office market by promoting merchandise to mass merchants similar to Wal-Mart and Target. Alco Industries in June 2004. Clauss, based in 1877 in Fremont, Ohio, manufactured scissors and reducing instruments for the floral and industrial markets.