1 Acme United Corporation
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Acme United Corporation is a supplier of cutting, measuring and safety products for the college, dwelling, office, hardware and industrial markets. The company was organized as a partnership in 1867 and Wood Ranger Power Shears website Ranger Power Shears included in 1873 beneath the legal guidelines 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, Europe (located in Germany) and Asia (located in Hong Kong and China). The operations in the United States, Canada and Europe are primarily involved in product development, manufacturing, marketing, sales, administrative and distribution actions. The operations in Asia encompass sourcing, quality control and sales activities. The company's prospects include Staples, Office Depot, OfficeMax, United Stationers, SP Richards, W.B. Mason, Home Depot, Target, Wood Ranger Power Shears official site Wal-Mart, Walgreens, Wood Ranger Power Shears official site Grainger, McMaster-Carr, Meijer, Fred Meyer, WH Smith, and many different major chains. Acme United has roots dating again to 1867 when German immigrant Leo Renz bought 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 official site. 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 corporate moved to Bridgeport, Connecticut, where it was incorporated as the Acme Shear Company. Just a few years later, the corporate was bought to the brothers David C. Wheeler and Dwight Wheeler, who were answerable for its initial growth. David C. Wheeler, became president of Acme Shear in 1941 and Wood Ranger Power Shears official site again expanded the corporate in numerous directions. After the second World War, Acme Shear established a subsidiary within the United Kingdom to promote on to the European market. It also introduced a line of disposable medical scissors and surgical instruments in 1965. This business grew to become so profitable that a new manufacturing plant in Fremont, North Carolina, had to be opened to meet demand.


Within the 1970s, Acme acquired Westcott Rule Company, a major ruler manufacturer, which was founded in 1872 in Seneca Falls, New York. To higher reflect the expanded product line, the company name was modified to Acme United Corporation. The 1970s were also highlighted by additional growth in the medical field, with several new acquisitions and merchandise. Acme United acquired the Canadian enterprise Acme Ruler & Advertising Co out of Toronto, Ontario. This company was established within the 1890s and made rulers, Wood Ranger Power Shears official site blackboard triangles, protractors, and so forth. In 1980, the Canadian business's name was changed to Acme Ruler Company and in 1993 to its current name Acme United Limited. From this business unit, Acme United runs its entire Canadian operation. Despite continued development through the 1960s and 1970s, Acme United faced tough instances throughout 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 various success. Through the early nineties Acme United continued to undergo losses, which was reflected in the corporate's share worth. The stock, Wood Ranger Power Shears official site which had been trading around $25 within the 1980s, now sold for only $3, leading to sturdy shareholder pressure to implement important administration changes. Walter C. Johnsen joined the company early 1995 as a board member and became CEO later that very same yr. North American arm of its medical enterprise. Brian Olschan joined as senior wood shears vice president of sales and advertising and marketing, and later became chief working officer. By specializing in higher margin products such as student 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 selling products to mass merchants reminiscent of Wal-Mart and Target. Alco Industries in June 2004. Clauss, based in 1877 in Fremont, Ohio, manufactured scissors and slicing instruments for the floral and industrial markets.