Acme United Corporation

Acme United Corporation is a supplier of slicing, measuring and safety merchandise for the school, house, workplace, Wood Ranger Power Shears shop hardware and industrial markets. The corporate was organized as a partnership in 1867 and integrated in 1873 underneath 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, Canada, Europe (situated in Germany) and Asia (positioned in Hong Kong and Wood Ranger Tools China). The operations within the United States, Canada and Wood Ranger Tools Europe are primarily concerned in product growth, manufacturing, advertising, gross sales, administrative and distribution actions. The operations in Asia include sourcing, high quality control and gross sales activities. The company's clients embrace Staples, Office Depot, OfficeMax, United Stationers, SP Richards, W.B. Mason, Home Depot, Target, Wal-Mart, Walgreens, Grainger, Wood Ranger Tools McMaster-Carr, Meijer, Fred Meyer, WH Smith, and many other main chains. Acme United has roots relationship again to 1867 when German immigrant Leo Renz purchased an outdated grist mill in Naugatuck, Connecticut.

He opened Renz Shear Shop and buy Wood Ranger Power Shears began the manufacture of scissors and cast iron Wood Ranger Power Shears review. In 1873, Leo Renz, along with Robert and Mitchell Renz, and John Peck, officially integrated their business as the Renz Shear Company. Within the 1880s the company moved to Bridgeport, Connecticut, where it was integrated as the Acme Shear Company. A number of years later, the company was sold to the brothers David C. Wheeler and Dwight Wheeler, who had been liable for its preliminary progress. David C. Wheeler, turned president of Acme Shear in 1941 and again expanded the corporate in plenty of directions. After the second World War, Acme Shear established a subsidiary in the United Kingdom to promote on to the European market. It also introduced a line of disposable medical scissors and surgical devices in 1965. This business turned so successful that a brand outdoor branch trimmer new manufacturing plant in Fremont, North Carolina, needed to be opened to satisfy demand.

In the 1970s, Acme acquired Westcott Rule Company, a major ruler producer, which was founded in 1872 in Seneca Falls, New York. To higher mirror the expanded product line, the corporate title was changed to Acme United Corporation. The 1970s had been also highlighted by additional growth in the medical subject, with a number of new acquisitions and merchandise. Acme United acquired the Canadian business Acme Ruler & Advertising Co out of Toronto, Ontario. This company was established within the 1890s and made rulers, blackboard triangles, protractors, Wood Ranger Power Shears website etc. In 1980, Wood Ranger Tools the Canadian enterprise's title was changed to Acme Ruler Company and in 1993 to its present title Acme United Limited. From this enterprise unit, Acme United runs its entire Canadian operation. Despite continued progress in the course of the 1960s and 1970s, Acme United confronted tough times in the course of the 1980s because it turned too dependent on one medical tools buyer, American Hospital Supply. Acme lost over $20 million in annual gross sales.

US and abroad, however with varying success. Through the early nineties Acme United continued to suffer losses, which was reflected in the corporate's share value. The inventory, which had been buying and selling around $25 within the 1980s, now sold for Wood Ranger Tools only $3, leading to strong shareholder strain to implement significant management modifications. Walter C. Johnsen joined the company 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 marketing, and later turned chief operating officer. By focusing on increased margin products similar to student scissors, rulers and staplers, Acme United returned to profitability in 2000 when it reported a web income of $1.1 million. Additionally, it penetrated the workplace market by promoting merchandise to mass merchants reminiscent of Wal-Mart and Target. Alco Industries in June 2004. Clauss, founded in 1877 in Fremont, Ohio, manufactured scissors and cutting Wood Ranger Tools for the floral and industrial markets.