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Acme United Corporation

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283:). 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, 2023 were $ 191.5 million, compared to $ 193.9 million in the year ended December 31, 2022, a decrease of 1%. Net income for the year ended December 31, 2023 was $ 17.8 million, or $ 4.86 per diluted share, compared to $ 3,035,000, or $ 0.86 per diluted share, in 2022. 1801: 517:, a well-known supplier of drafting, measuring, lettering and stencil products. Acme United purchased the inventory, tooling, brands, and other intellectual property for approximately $ 1.47 million. In 2011, C-Thru's revenues were about $ 2.5 million with gross profits reaching roughly $ 1 million. After Acme United acquired C-Thru Ruler Company in 2012, its products were integrated into the Westcott products family. So, the identity of C-Thru in many cases has become Westcott. 387:, Connecticut, where it was incorporated as The Acme Shear Company. A few years later, the company was sold to the brothers David C. Wheeler and Dwight Wheeler, who were responsible for its initial growth. Henry Wheeler, the grandson of David C. Wheeler, became president of Acme Shear in 1941 and again expanded the company in a number of directions. Aided by World War II, Acme Shear became the world's largest maker of shears and scissors by 1946. 205: 895: 27: 775:
Spill Magic, Inc. was founded by David Wampler in March 1995. It sells absorbents as a safety product to prevent slip and fall accidents. These absorbents encapsulate food and other slippery spills into a dry powder that can be safely disposed. The Spill Magic products are used throughout the U.S. in
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Exactly one year later, Acme United acquired Spill Magic Inc. for $ 7.2 million in cash. Spill Magic is a manufacturer of Spill Magic absorbents and related products that are used to prevent slip & fall accidents. Spill Magic had revenues in 2016 of $ 6.3 million and EBITDA of approximately $ 1.4
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Also in 2014, Acme United launched an entire line of fishing knives and tools under the new brand Cuda. About 30 tools, specifically designed for inshore and offshore fishing, were introduced at the International Convention of Allied Sportfishing Trades (ICAST), the largest sportfishing trade show in
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Late September 2023, Acme United acquired Hawktree Solutions, Inc., a supplier of first aid and survival kits, medical supplies, and training. Based in Laval, Canada Hawktree’s annual revenues in prior years averaged approximately $ 4.0 million. The Company was in receivership and the purchase price
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On January 7, 2020, the Company purchased the assets of First Aid Central, located in Laval, Quebec, Canada. First Aid Central produces and sells a complete line of first aid kits, refills, and safety products to a broad range of industries and end users. Its products meet federal Health Canada and
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Only five months later, Ready 4 Kits was acquired. Founded in 1996, and also based in New Hampshire, Ready 4 Kits custom designs logoed and imprinted first aid kits for promotional use across a number of categories and themes, including automotive, golf, disaster/survival, eco-friendly, health and
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In December 2020, Acme United also acquired the assets of Med-Nap LLC., a Brooksville, Florida-based manufacturer of alcohol prep pads, alcohol wipes, benzalkonium chloride wipes, antiseptic wipes, and other first aid products. Med-Nap has an FDA-registered manufacturing facility where it produces
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Safety Made was founded in 2014, and has since become a well-known manufacturer of first aid kits, as well as the exclusive source for Dorcy, Life Gear and DieHard flashlights, in the promotional products industry. Basically, Safety Made sources a wide variety of products, assembles them and then
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Walter C. Johnsen joined the company early 1995 as a board member and became CEO later that same year. He had previously been vice chairman and a principal of Marshall Products, Inc., a medical supply distributor that he and a partner acquired in a leveraged buyout. Marshall had been purchased by
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Acme United acquired the Canadian business Acme Ruler & Advertising Co out of Toronto, Ontario. This company was established in the 1890s and made rulers, blackboard triangles, protractors, etc. In 1980, the Canadian business's name was changed to Acme Ruler Company and in 1993 to its present
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On February 1, 2016, Acme United acquired Diamond Machining Technology (DMT), a Marlborough, Massachusetts-based manufacturer of sharpening tools for knives, scissors, chisels and other cutting tools. Acme United paid $ 7.0 million in cash. DMT had revenues in 2015 of $ 5.4 million and EBITDA of
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Despite continued growth during the 1960s and 1970s, Acme United faced rough times during the 1980s because it became too dependent on one medical tools customer, American Hospital Supply. When this company started manufacturing products itself, Acme lost over $ 20 million in annual sales. In a
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Mr. Olschan served as senior vice president of sales and marketing from September 10, 1996, until February 22, 1999. On January 23, 1999, he was promoted to president and chief operating officer. From 1984 to 1996, he was employed by General Cable Corporation in various executive positions.
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Today, DMT products are sold in dozens of countries all over the world. In addition, the company holds more than ten patents and has introduced over 125 different products. It sells many tens of thousands of items each year to DIYers, gardening and outdoor enthusiasts, woodworkers, hunters,
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By focusing on higher margin products such as student scissors, rulers and staplers, Acme United returned to profitability in 2000 when it reported a net income of $ 1.1 million. Additionally, it penetrated the office market by selling products to mass merchants such as Wal-Mart and Target.
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In June 2022, Acme United acquired Safety Made, a manufacturer of first aid kits for the promotional products industry. Based in Keene, New Hampshire, Safety Made had revenues in 2021 of approximately $ 4.9 million and EBITDA of approximately $ 1.2 million. The company employs 24 people.
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During the early 1990s Acme United continued to suffer losses, which was reflected in the company's share price. The stock, which had been trading around $ 25 in the 1980s, now sold for only $ 3, leading to strong shareholder pressure to implement significant management changes.
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Med-Nap was founded in 2007 and currently employs 25 people. It sells its products directly to first aid suppliers and major retailers under private label and Med-Nap brands. For 2020, Med-Nap was estimated to reach revenues of $ 4.9 million and EBITDA of $ 1.0 million.
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In the following years, Johnsen recruited a new management team, sold the medical business to Medical Action Industries and closed seven manufacturing plants. Brian Olschan joined as senior vice president of sales and marketing, and later became chief operating officer.
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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
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standards. These SmartCompliance first aid supply cabinets ensure that a business is covered. First Aid Only has a distributor network of more than 1,000 people and supplies first aid goods to well-known businesses such as McDonald's, Grainger and Staples.
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for "(highest) point, edge; peak of anything", being used in English with the meaning of "prime" or "the best", initially when referring to a period in someone's life and then extending to anything or anyone who reaches perfection in a certain regard.
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screen-prints a company’s name or logo on the products. Companies use promotional products, like safety kits, to build brand awareness, make clients aware of a rebranding, hand out at an event or conference, or simply launch a marketing campaign.
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Due to increased overseas competition, DMT looked for ways to diversify its business. After much testing and development work, a prototype sharpener was developed, which the engineers at DMT then refined to an unbreakable, clean-cutting diamond
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Mr. Johnsen has served as director since 1995 and as chairman and chief executive officer since November 30, 1995. Before joining the company he was vice chairman and a principal of Marshall Products, Inc., a medical supply distributor.
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sells first aid kits, industrial stations and refills, emergency medical travel and recreational kits to the industrial, safety, transportation and marine markets. The brands has roots dating back to the 1800s as part of the
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Mr. Driscoll has served as vice president and chief financial officer, secretary and treasurer since October 2002. Mr. Driscoll joined Acme as director of international finance in 2001. From 1997 to 2001 he was employed by
434:. To better reflect the expanded product line, the company name was changed to Acme United Corporation. The 1970s were also highlighted by further expansion in the medical field, with several new acquisitions and products. 787:). This 30,000 square foot facility is the headquarters for its administration, sales, customer service, production, shipping and receiving for the Western U.S. and Pacific Rim. In addition, Spill Magic has a facility in 631:
primarily manufactures cutting instruments for professionals in the hardware & industrial, lawn & garden, food processing, sewing and housewares markets. These products include True Professional sewing shears,
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It operates out of a modern 54,000 square-foot facility in Vancouver, Washington, where well over 100 people are employed. All of First Aid Only's first aid kits continue to be produced in the United States.
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the world. At ICAST 2015, twenty additional tools for freshwater fishing were shown to the public for the first time. The market for freshwater tools is more than double the size of the salt water market.
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is a major brand for scissors and rulers in North America, and one of the strongest worldwide. Their scissors range from kids and student products to sewing, office, and craft items. Their rulers come in
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In February 2011, Acme United acquired Pac-Kit Safety Equipment Company, a manufacturer of first aid kits for the industrial, safety, transportation and marine markets. The company purchased the
668:. It was one of the first companies that began packaging medications and dressings into cases for use in the field. Many explorers of that time carried the cases with them on their expeditions. 531:, a supplier of first aid kits, refills, and safety products for $ 13.8 million in June 2014. In 2013, First Aid Only reached revenues of $ 17.4 million and operating income of $ 1.1 million. 372:
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
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First Aid Only is especially known for its SmartCompliance kits. Most businesses are federally mandated to have first aid solutions that are compliant with
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with plentiful designs, innovations and fashionable colors. Each year, Acme sells between 60 and 80 million scissors, and 15 to 18 million Westcott rulers.
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In 2014 Acme United achieved record net sales and earnings. For the first time in the company's history, annual sales reached more than $ 100 million.
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for use in the kitchen. The new sharpener quickly found its way to other sectors as well, such as the automotive, marine, and aviation industries.
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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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Today, Acme United has nine main brands: Westcott, Clauss, PhysiciansCare, Pac-Kit, First Aid Only, Med-Nap, DMT, Spill Magic and Safety Made.
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Acme United competes with many companies in each market and geographic area. For example, the major competitors in the cutting category are
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On November 1st, 2023, Acme United sold its Camillus and Cuda hunting and fishing product lines to GSM Holdings, Inc for $ 19.8 million.
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Because Acme United's first aid business showed strong growth in the industrial safety market and office channel, it acquired
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and industrial markets. By 2004, Acme United's sales had risen to $ 43.4 million with earnings reaching $ 3.2 million.
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was founded in 1988 and pioneered consultative selling and support of first aid items to large corporate customers.
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provincial regulatory requirements. The Company purchased the First Aid Central assets for $ 2.1 million in cash.
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as director of finance and operations. Prior to Gallo he served in several increasingly responsible positions in
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Following the success in scissors and rulers, Westcott extended its product line with other office tools such as
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in Fremont, North Carolina, had to be opened to meet demand. To mark its 100th anniversary, Acme Shear did an
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struggle to survive, it took over several companies in the US and abroad, however with varying success.
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Late August 2013, Acme United purchased a 340,000 square feet manufacturing and distribution center in
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name Acme United Limited. From this business unit, Acme United runs its entire Canadian operation.
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And Acme United continued on its acquisition path. In June 2012, it acquired certain assets of
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The first polka dot diamond bench stones were soon thereafter shipped to customers such as
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Diamond Machining Technology was established in 1976, as a manufacturer of large diamond
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Westcott, Clauss, PhysiciansCare, Pac-Kit, First Aid Only, DMT, Med-Nap, and Spill Magic
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In 2018, the Spill Magic line was launched in Europe under the Easy Absorb brand name.
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to sell directly to the European market. It also introduced a line of disposable
784: 689: 1465:"Days After Brand Launch, Cuda Fishing Tools Receive Recognition at ICAST 2014" 26: 890: 756: 685: 673: 396: 384: 335: 307: 303: 223: 185: 824: 649: 507: 377: 319: 295: 276: 1806: 1683: 1513:"Acme United Corporation Acquires Assets of Diamond Machining Technology" 1074: 828: 606: 495:
In 2007, the company bought the brand names and intellectual property of
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national and regional grocery, retail, big box and other retail stores.
1314:"Medical Action Acquires Medical Products Division of Acme United Corp" 982: 962:"Acme United Reports Strong Fourth Quarter and Full Year 2023 Earnings" 594: 412: 268: 55: 1416:"Acme United Corporation Acquires Assets of the C-Thru Ruler Company" 331: 264: 260: 158: 1668: 1401:"Acme United Corporation Acquires Pac-Kit Safety Equipment Company" 950:. United States Securities and Exchange Commission. March 15, 2024. 1768: 872: 820: 652:, including the ingredients aspirin, acetaminophen and Ibuprofen. 461: 280: 197: 162: 1639:"Acme United Corporation Sells Hunting And Fishing Product Lines" 1446:"Acme United Corporation Acquires Assets of First Aid Only, Inc" 1158:"Acme United acquires the Jason division of the Scott Fetzer Co" 590: 272: 1810: 1547:"Acme United Corporation Acquires Assets of First Aid Central" 484:
from Alco Industries in June 2004. Clauss, founded in 1877 in
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With financial results again improving, Acme United acquired
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fishermen, and military and law enforcement personnel.
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in 1965. This business became so successful that a new
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After the second World War, Acme Shear established a
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carried them on the first flight to the South Pole,
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Accessed 19 Nov. 2022. 562:wellness, outdoor and trade show/travel. 779:The company's main office is located in 696:had a Pac-Kit on his polar expeditions. 939: 1376:. businesswire.com. September 18, 2007 1185:"Acme United sells Altenbach business" 862:Paul Driscoll – vice president and CFO 1669:"Pac-Kit Safety Equipment – About us" 1395: 1393: 1391: 1359:"Acme United acquires Clauss Cutlery" 1329:"Acme United promotes Olschan to COO" 1075:"10-K. Acme United Corporation. 2007" 350:Acme (ακμή; English transliteration: 7: 1717:"First Aid Only retains local focus" 1200:"Acme United – Historic stock chart" 759:for use in the woodworking area and 255:Acme United's operations are in the 1609:"Safety Made Acquires Ready 4 Kits" 1036:. worldfamilies.net. Archived from 1010:. worldfamilies.net. Archived from 566:was approximately $ 1.0 million. 383:In the 1880s the Company moved to 14: 1893:Companies listed on NYSE American 853:Brian Olschan – president and COO 844:Walter Johnsen – chairman and CEO 672:used it on his expedition to the 1767:. spillmagic.com. Archived from 893: 286:The company's customers include 204: 203: 25: 1721:Retrieved on November 10, 2014. 1706:Retrieved on November 10, 2014. 1688:Retrieved on November 10, 2014. 1654:"Interview with Walter Johnsen" 342:, and many other major chains. 1684:"8K – Acme United Corporation" 1643:Retrieved on November 1, 2023. 1502:Retrieved on December 9, 2015. 1487:Retrieved on December 7, 2015. 1469:Retrieved on December 9, 2015. 1454:Retrieved on December 7, 2015. 1435:Retrieved on January 26, 2015. 1420:Retrieved on October 15, 2012. 1094:Retrieved on November 2, 2013. 1049:Retrieved on October 18, 2012. 1034:"The Renz - Rentz DNA Project" 1023:Retrieved on October 15, 2012. 16:American scissors manufacturer 1: 1515:. reuters.com. Archived from 1448:. reuters.com. Archived from 869:Ernest and Julio Gallo Winery 542:approximately $ 1.0 million. 1780:Retrieved on March 16, 2017. 1754:Retrieved on March 27, 2016. 1739:Retrieved on March 27, 2016. 1673:Retrieved on April 23, 2011. 1658:Retrieved on March 27, 2009. 1628:Retrieved on March 15, 2024. 1613:Retrieved on March 15, 2024. 1598:Retrieved on March 15, 2024. 1536:Retrieved on March 15, 2017. 1521:Retrieved on March 28, 2016. 1405:Retrieved on April 23, 2011. 1363:Retrieved on March 23, 2009. 1348:Retrieved on March 25, 2009. 1333:Retrieved on March 22, 2009. 1318:Retrieved on March 27, 2009. 1303:Retrieved on March 22, 2009. 1288:Retrieved on March 26, 2009. 1261:Retrieved on March 24, 2009. 1231:Retrieved on March 24, 2009. 1204:Retrieved on March 27, 2009. 1189:Retrieved on March 28, 2009. 1174:Retrieved on March 24, 2009. 1147:Retrieved on March 26, 2009. 1121:Retrieved on March 27, 2009. 1079:Retrieved on March 27, 2009. 1064:Retrieved on March 27, 2009. 422:In the 1970s, Acme acquired 77:; 256 years ago 1702:"LinkedIn – First Aid Only" 1060:"Death of Henry C. Wheeler" 688:and South Pole flights and 522:Rocky Mount, North Carolina 1914: 666:Burroughs Wellcome Company 1480:"Sportfishing in America" 948:"Annual Report Form 10-K" 871:, including two years in 783:(about 30 miles south of 208:US$ 149.2 million (2023) 24: 1857:Camillus Cutlery Company 1765:"Spill Magic - About Us" 515:The C-Thru Ruler Company 497:Camillus Cutlery Company 1838:Acme United Corporation 1242:"Career Walter Johnsen" 1092:. businessprofiles.com. 417:initial public offering 245:Acme United Corporation 191:US$ 17.7 million (2023) 20:Acme United Corporation 1867:Pac-Kit First Aid Kits 1862:Clauss Cutlery Company 914:Pac-Kit First Aid Kits 909:Clauss Cutlery Company 877:Sterling Winthrop Inc. 139:vice president and CFO 88:Naugatuck, Connecticut 1872:Westcott Rule Company 1299:"New management team" 919:Westcott Rule Company 879:in New York City and 833:Johnson & Johnson 554:all of its products. 424:Westcott Rule Company 1898:Shelton, Connecticut 1641:. globenewswire.com. 1626:. globenewswire.com. 1596:. globenewswire.com. 670:Captain Robert Scott 409:surgical instruments 179:191.5 million (2023) 99:Shelton, Connecticut 1656:. seekingalpha.com. 1574:. globenewswire.com 1549:. globenewswire.com 1534:. businesswire.com. 1500:. businesswire.com. 1433:. businesswire.com. 1418:. businesswire.com. 1403:. businesswire.com. 1221:. November 25, 1995 964:. globenewswire.com 817:Fiskars Corporation 573:Corporate structure 529:First Aid Only Inc. 504:accounts receivable 413:manufacturing plant 214:Number of employees 21: 1361:. allbusiness.com. 1346:. allbusiness.com. 1331:. allbusiness.com. 1316:. allbusiness.com. 1301:. allbusiness.com. 1278:. January 23, 1990 1202:. marketwatch.com. 1187:. allbusiness.com. 1164:. October 25, 1984 1137:. November 4, 1988 1111:. October 11, 1983 1062:. allbusiness.com. 620:, math kits, etc. 1880: 1879: 1611:. asicentral.com. 1485:. asafishing.org. 1467:. newspronto.com. 618:pencil sharpeners 462:Omron Corporation 300:United Stationers 252:with symbol ACU. 242: 241: 142: 135:Paul G. Driscoll 133: 130:president and COO 126:Brian S. Olschan 124: 116:Walter C. Johnsen 66:Consumer products 1905: 1831: 1824: 1817: 1808: 1803: 1798: 1797: 1795:Official website 1781: 1779: 1777: 1776: 1761: 1755: 1753: 1746: 1740: 1738: 1731: 1722: 1720: 1719:. columbian.com. 1713: 1707: 1705: 1698: 1689: 1687: 1680: 1674: 1672: 1665: 1659: 1657: 1650: 1644: 1642: 1635: 1629: 1627: 1620: 1614: 1612: 1605: 1599: 1597: 1590: 1584: 1583: 1581: 1579: 1568: 1559: 1558: 1556: 1554: 1543: 1537: 1535: 1528: 1522: 1520: 1509: 1503: 1501: 1494: 1488: 1486: 1484: 1476: 1470: 1468: 1461: 1455: 1453: 1442: 1436: 1434: 1427: 1421: 1419: 1412: 1406: 1404: 1397: 1386: 1385: 1383: 1381: 1370: 1364: 1362: 1355: 1349: 1347: 1340: 1334: 1332: 1325: 1319: 1317: 1310: 1304: 1302: 1295: 1289: 1287: 1285: 1283: 1268: 1262: 1260: 1258: 1257: 1248:. 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Mason 218:645 (2023) 186:Net income 111:Key people 1578:March 31, 1282:April 23, 1225:April 23, 1168:April 23, 1141:April 23, 1115:April 23, 968:March 14, 825:Staedtler 650:medicines 546:million. 508:inventory 378:cast iron 346:Etymology 320:Walgreens 296:OfficeMax 277:Hong Kong 46:Traded as 1553:April 9, 887:See also 829:Bostitch 742:grinding 607:aluminum 586:Westcott 581:Westcott 432:New York 374:scissors 340:WH Smith 324:Grainger 316:Wal-Mart 151:scissors 147:Products 62:Industry 1380:May 30, 727:Med-Nap 692:winner 661:Pac-Kit 656:Pac-Kit 603:acrylic 595:plastic 399:in the 363:History 288:Staples 269:Germany 233:Website 173:Revenue 155:cutters 80: ( 72:Founded 54::  629:Clauss 624:Clauss 490:floral 332:Meijer 312:Target 271:) and 265:Europe 261:Canada 163:rulers 159:knives 38:Public 1483:(PDF) 873:Japan 821:Maped 686:North 476:2000s 451:1990s 442:1980s 354:) is 281:China 86:, in 1580:2021 1555:2020 1382:2009 1284:2010 1227:2010 1170:2010 1143:2010 1117:2010 995:acme 983:acme 970:2024 823:and 815:and 720:ANSI 716:OSHA 605:and 591:wood 407:and 376:and 352:akmē 279:and 273:Asia 177:US$ 104:U.S. 82:1768 75:1768 52:AMEX 736:DMT 56:ACU 1889:: 1726:^ 1693:^ 1563:^ 1390:^ 1274:. 1244:. 1217:. 1160:. 1107:. 835:. 813:3M 752:. 676:, 616:, 601:, 597:, 593:, 506:, 430:, 338:, 334:, 330:, 326:, 322:, 318:, 314:, 310:, 306:, 298:, 294:, 290:, 263:, 259:, 165:, 161:, 157:, 153:, 102:, 1830:e 1823:t 1816:v 1778:. 1582:. 1557:. 1384:. 1286:. 1259:. 1229:. 1172:. 1145:. 1119:. 1047:. 1021:. 972:. 141:) 137:( 132:) 128:( 123:) 119:( 84:)

Index


Public
Traded as
AMEX
ACU
Consumer products
Naugatuck, Connecticut
Shelton, Connecticut
Walter C. Johnsen
chairman and CEO
president and COO
vice president and CFO
scissors
cutters
knives
rulers
first aid kits
US$
Net income
Total assets
Subsidiaries
AcmeUnited.com
NYSE American
United States
Canada
Europe
Germany
Asia
Hong Kong
China

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