MaxDividends Business Overview: A Leading Worldwide Supplier of Cutting, Measuring, First Aid and Sharpening Products
Undervalued High Yield Dividend Stocks. Today: Deep dive into the business which is almost 150+ years old.
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MaxDividends Business Overview
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Intro
For over 150 years, Acme United Corporation, has been a leading worldwide supplier of innovative cutting, measuring, first aid and sharpening products to the school, home, office, hardware, sporting goods and industrial markets with operations in the United States, Canada, Europe (located in Germany) and Asia (located in Hong Kong and China).
The company was formerly known as Acme Shear Company and changed its name to Acme United Corporation in 1971. Acme United Corporation was founded in 1867 and is based in Shelton, Connecticut.
Acme United Corporation
The Company strives to be known for quality and innovation in all categories in which it participates; and to enter new categories, with innovation that surpasses the competition.
Acme United aims to be the leading supplier of Cutting, Measuring, First Aid and Safety products in the Craft, School, Office, Home, Industrial and Food Processing markets.
The Company’s business strategy includes
Commitment to technological innovation achieved through consumer insight, creativity, and speed to market
A broad selection of products across multiple price tiers of differentiated products
Prompt response and same-day shipping
Superior customer service
Value pricing
Acme United Corporation manufactures three product groups
Cutting Tools
Include scissors, guillotines and rotary paper trimmers, hobby knives, blades, utility knives and medical cutting tools;
Measuring Instruments
Such as rulers, tape measures, centimeters, compasses, etc.;
Safety and First Aid Kits
First aid kits, ready-made sets of over-the-counter medications and etc.
The basis of the business at one time was the production of scissors. The company has been in business successfully since the 1800s and continues to produce a wide range of scissors and cutting products for the home and office.
The corporation was organized as a partnership in 1867 and incorporated in 1873 under the laws of the State of Connecticut, USA. Publicly traded on the New York Stock Exchange under the symbol ACU.
Acme United's business is international. Activities are carried out in the USA, Canada, Europe (headquarters in Germany) and Asia (offices in Hong Kong and China). Activities in the United States, Canada and Europe primarily involve product development, manufacturing, marketing, sales, administrative and distribution activities.
Main Points of Company’s History
Acme United dates back to 1867, when German immigrant Leo Renz, who moved to the United States, bought an old mill powered by Beacon Hill Brook in Naugatuck.
Here he opened the Renz Shear Shop, which specialized in the production of cast iron tongs and scissors. In the 1880s, after the death of the founder, the business was transferred to the Wheeler family and for the first time, even then, became known as Acme Shear.
Under the management of the Wheeler brothers, Acme Shear expanded its product line to include nut crackers and ax blades and later began producing steel shears. The Wheelers would lead the company for more than 100 years, generation after generation.
In 1930-1940, Acme Shear became the world's largest manufacturer of forceps and scissors. By the mid-1960s, the company had invented a line of disposable medical scissors and surgical instruments that it sold to other companies, which packaged them for the hospital market. The step turned out to be extremely successful and allowed us to enter the market for supplying products to medical institutions.
1960-1970
All this time the business remained family-owned and private. In 1967, the year the company turned 100 years old, Acme began its journey on the Stock Market, becoming publicly traded with the ability to buy its shares on the exchange.
Like any business with a long history, Acme also has its own and amazing ability of the organization to adapt and develop further. In the 1970s, to diversify the business and expand its presence, it successfully launched a line of disposable procedure trays, reusable stainless steel instruments and antiseptics.
Early 1990s
In the early 1990s, Acme United absorbed the business of Emil Schlemper G.M.B.H., a leading West German manufacturer of scissors, pruners, manicure products and surgical instruments, thus becoming one of the largest manufacturers of cutting instruments now in Europe.
In the early 2000s, the company continued to develop its core business, focusing on high-margin products. The Tagit product line was especially successful! – staplers, paper clips, scissors with an emphasis on the educational segment and students. In addition to this, Acme was able to agree on cooperation with such market leaders in the sales of office products as Staples and OfficeMax.
2000-2015, Acme United continued to expand
The company actively grew into the steel tool manufacturing market:
Purchased the rights to the intellectual property of Camillus Cutlery Company, one of the oldest knife manufacturers in the USA.
Absorbed supplier of drawing, measuring, lettering and stencil products - The C-Thru Ruler Company - also a well-known and established brand in the North American market.
In 2014, the company launched the Cuda brand of fishing knives, announcing a whole line.
Offtopic: I wasn’t too lazy and decided to find out more about the reviews about the Cuda brand. I went to Amazon, looked at several sites with reviews, and went through fishing forums. The reviews are extremely positive!
Meanwhile, we move on
In 2017, in Massachusetts, Acme acquired an industrial factory for sharpening cutting objects, knives, and scissors.
The medical division focused on ready-made first aid kits and several major strategic steps were also taken in this direction. Moreover, not so long ago.
By the end of 2020, First Aid Central Canada, as well as Med-Nap LLC, were acquired. Both companies have all the permits from local authorities, which is an extremely important factor and a strong advantage when developing in the medical goods market.
👀 Oh yes. Westcott. This is one of the most famous brands of scissors and measuring rulers in the world. As well as paper shredders, pencil sharpeners, and so on. The owner of this brand is our today's hero.
And besides this there is also: Spill Magic absorbent - a very well-known brand in North America, Cuda knives, Clauss - cutting tools for industrial use and several large brands in the first aid kit market.
Conclusion
Acme is a global leader in the manufacturing of metal products for the home and office and is actively working to develop and consolidate in the direction of ready-made first aid kits.
Best regards, MaxDividends Team
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Intriguing write-up. Never thought about cutting/measuring tool manufacturers.
Thanks for posting.