Acme United Corporation
 |
|
| Public | |
| Traded as | NYSE MKT: ACU |
| Industry | Consumer products |
| Founded | Naugatuck, Connecticut (1867) |
| Headquarters | Fairfield, Connecticut, U.S. |
|
Key people
|
Walter C. Johnsen (chairman and CEO) Brian S. Olschan (president and COO) Paul G. Driscoll (vice president and CFO) |
| Products | scissors, cutters, knives, rulers, first aid kits |
| Revenue | US$124.6 million (2016) |
| US$5.9 million (2016) | |
| Total assets |
 US$ 92.067 million (2016) |
|
Number of employees
|
400 (2016) |
| Subsidiaries | Westcott, Clauss, Camillus, PhysiciansCare, Pac-Kit, First Aid Only, Cuda, DMT |
| Website | AcmeUnited.com |
Acme United Corporation is a supplier of cutting, measuring and safety products for the school, home, office, hardware and industrial markets. The company was organized as a partnership in 1867 and incorporated in 1873 under the laws of the State of Connecticut. It is publicly traded on the 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 activities. The operations in Asia consist of sourcing, quality control and sales activities. Net sales for the year ended December 31, 2016, were $124.6 million compared to $109.8 million in 2015, an increase of 13%. This was the 8th consecutive year of record performance for Acme United. Sales in the US (including Asia) were $110.8 million, in Canada $6.8 million and in Europe $6.9 million. Net income for the year ended December 31, 2016, was $5.9 million, or $1.64 per diluted share.
The company’s customers 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 other major chains.
Acme United has roots dating back to 1867 when German immigrant Leo Renz bought an old grist mill in Naugatuck, Connecticut. He opened Renz Shear Shop and started the manufacture of scissors and cast iron shears. In 1873, Leo Renz, along with Robert and Mitchell Renz, and John Peck, officially incorporated their business as The Renz Shear Company.
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Wikipedia