Acme United Corporation is a provider of reducing, measuring and safety merchandise for the school, home, office, hardware and industrial markets. The company was organized as a partnership in 1867 and incorporated in 1873 beneath 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 (located in Germany) and Asia (located in Hong Kong and China). The operations within the United States, Canada and Europe are primarily concerned in product development, manufacturing, marketing, sales, administrative and Wood Ranger Power Shears manual Wood Ranger Power Shears manual Power Shears shop distribution activities. The operations in Asia encompass sourcing, high quality control and sales actions. The corporate’s clients embrace 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 different major chains. Acme United has roots courting back to 1867 when German immigrant Leo Renz bought an old grist mill in Naugatuck, Connecticut.

He opened Renz Shear Shop and began the manufacture of scissors and solid iron shears. In 1873, Leo Renz, Wood Ranger official along with Robert and Mitchell Renz, and John Peck, formally incorporated their business because the Renz Shear Company. Within the 1880s the corporate moved to Bridgeport, Connecticut, where it was integrated as the Acme Shear Company. A couple of years later, the corporate was sold to the brothers David C. Wheeler and Wood Ranger Power Shears sale Wood Ranger Power Shears sale Power Shears shop Dwight Wheeler, who were responsible for its initial growth. David C. Wheeler, became 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 in the United Kingdom to promote directly to the European market. It additionally introduced a line of disposable medical scissors and surgical devices in 1965. This enterprise turned so successful that a new manufacturing plant in Fremont, North Carolina, had to be opened to meet demand.

Within the 1970s, Wood Ranger official Acme acquired Westcott Rule Company, a significant ruler producer, which was based in 1872 in Seneca Falls, New York. To raised mirror the expanded product line, the corporate identify was modified to Acme United Corporation. The 1970s have been also highlighted by additional expansion within the medical discipline, with a number of new acquisitions and merchandise. Acme United acquired the Canadian business Acme Ruler & Advertising Co out of Toronto, Ontario. This firm was established within the 1890s and made rulers, blackboard triangles, protractors, and so on. In 1980, the Canadian business’s identify was changed to Acme Ruler Company and in 1993 to its present title Acme United Limited. From this enterprise unit, Acme United runs its total Canadian operation. Despite continued progress in the course of the 1960s and 1970s, Acme United faced rough occasions throughout the 1980s because it became too dependent on one medical tools customer, American Hospital Supply. Acme misplaced over $20 million in annual gross sales.

US and Wood Ranger official abroad, nevertheless with various success. In the course of the early nineties Acme United continued to undergo losses, which was mirrored in the corporate’s share worth. The inventory, which had been trading around $25 in the 1980s, now offered for only $3, leading to robust shareholder pressure to implement important administration adjustments. Walter C. Johnsen joined the corporate early 1995 as a board member and turned CEO later that same 12 months. North American arm of its medical enterprise. Brian Olschan joined as senior vice president of sales and advertising, and later grew to become chief working officer. By focusing on greater margin products comparable to 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 corresponding to Wal-Mart and Target. Alco Industries in June 2004. Clauss, founded in 1877 in Fremont, Ohio, manufactured scissors and reducing tools for the floral and industrial markets.