Acme United Corporation
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Acme United Corporation is a supplier of slicing, measuring and security products for the college, home, workplace, hardware and industrial markets. The corporate was organized as a partnership in 1867 and included 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 (positioned in Germany) and Asia (positioned in Hong Kong and Wood Ranger Power Shears website China). The operations in the United States, Canada and Europe are primarily involved in product improvement, manufacturing, marketing, gross sales, administrative and distribution activities. The operations in Asia include sourcing, quality management and sales actions. The corporate's customers embrace Staples, Wood Ranger Power Shears official site Office Depot, OfficeMax, United Stationers, SP Richards, W.B. Mason, Home Depot, Target, Wal-Mart, Wood Ranger Power Shears website Walgreens, Grainger, McMaster-Carr, Meijer, Fred Meyer, WH Smith, and plenty of different major chains. Acme United has roots dating back to 1867 when German immigrant Leo Renz purchased an previous grist mill in Naugatuck, Connecticut.


He opened Renz Shear Wood Ranger Power Shears shop and began the manufacture of scissors and solid iron Wood Ranger Power Shears website. In 1873, Leo Renz, together with Robert and Mitchell Renz, and John Peck, formally incorporated their business as the Renz Shear Company. In the 1880s the corporate moved to Bridgeport, Connecticut, where it was integrated because the Acme Shear Company. Just a few years later, the company was bought to the brothers David C. Wheeler and Dwight Wheeler, who have been chargeable for its preliminary growth. David C. Wheeler, turned president of Acme Shear in 1941 and again expanded the company in a variety of directions. After the second World War, Acme Shear established a subsidiary within the United Kingdom to sell on to the European market. It also launched a line of disposable medical scissors and surgical devices in 1965. This business turned so successful that a new manufacturing plant in Fremont, North Carolina, had to be opened to fulfill demand.


In the 1970s, Acme acquired Westcott Rule Company, a serious ruler manufacturer, tree branch shears which was founded in 1872 in Seneca Falls, New York. To better replicate the expanded product line, Wood Ranger Power Shears website the corporate name was modified to Acme United Corporation. The 1970s were additionally highlighted by additional expansion in the medical subject, with a number of 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, and many others. In 1980, the Canadian business's title was changed to Acme Ruler Company and in 1993 to its current title Acme United Limited. From this enterprise unit, Acme United runs its complete Canadian operation. Despite continued development through the 1960s and 1970s, Acme United confronted tough occasions throughout the 1980s as a result of it turned too dependent on one medical tools buyer, American Hospital Supply. Acme lost over $20 million in annual sales.


US and Wood Ranger Tools abroad, however with various success. In the course of the early 1990s Acme United continued to suffer losses, which was reflected in the company's share value. The inventory, which had been trading round $25 in the 1980s, Wood Ranger Power Shears order now bought for under $3, resulting in robust shareholder stress to implement important management modifications. Walter C. Johnsen joined the corporate early 1995 as a board member and Wood Ranger Power Shears website became CEO later that same 12 months. North American arm of its medical enterprise. Brian Olschan joined as senior vice president of gross sales and advertising and marketing, Wood Ranger Power Shears website and later grew to become chief working officer. By specializing in higher margin products resembling pupil scissors, rulers and staplers, Acme United returned to profitability in 2000 when it reported a web earnings of $1.1 million. Additionally, it penetrated the office market by promoting products to mass merchants such as Wal-Mart and Target. Alco Industries in June 2004. Clauss, founded in 1877 in Fremont, Ohio, manufactured scissors and slicing tools for the floral and industrial markets.