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Acme United Corporation
Cyrus McCubbin (09-09-2025)
In the 1970s, Acme acquired Westcott Rule Company, a significant ruler producer, which was based in 1872 in Seneca Falls, New York. To higher replicate the expanded product line, the corporate identify was modified to Acme United Corporation. The 1970s had been additionally highlighted by additional enlargement within the medical area, with several new acquisitions and merchandise. Acme United acquired the Canadian business Acme Ruler & Advertising Co out of Toronto, Ontario. This firm was established in the 1890s and made rulers, blackboard triangles, protractors, etc. In 1980, the Canadian enterprise's name was changed to Acme Ruler Company and in 1993 to its current title Acme United Limited. From this enterprise unit, Acme United runs its whole Canadian operation. Despite continued growth in the course of the 1960s and 1970s, Acme United confronted rough occasions during the 1980s because it became too dependent on one medical tools customer, American Hospital Supply. Acme lost over $20 million in annual sales.
US and abroad, however with various success. Throughout the early nineteen nineties Acme United continued to endure losses, which was mirrored in the company's share price. The stock, which had been trading round $25 in the 1980s, now bought for only $3, leading to strong shareholder stress to implement vital management changes. Walter C. Johnsen joined the company early 1995 as a board member and turned CEO later that same yr. North American arm of its medical enterprise. Brian Olschan joined as senior vice president of sales and advertising, and later turned chief working officer. By focusing on greater margin merchandise similar to scholar scissors, rulers and staplers, Acme United returned to profitability in 2000 when it reported a web revenue of $1.1 million. Additionally, it penetrated the office market by promoting products to mass merchants akin to Wal-Mart and Target. Alco Industries in June 2004. Clauss, founded in 1877 in Fremont, Ohio, manufactured scissors and slicing instruments for the floral and industrial markets.