Acme United Corporation

Acme United Corporation

Company type	Public
Traded as	AMEX: ACU
Industry	Consumer products
Founded	1768; 256 years ago (1768), in Naugatuck, Connecticut
Headquarters	Shelton, 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$191.5 million (2023)
Net income	US$17.7 million (2023)
Total assets	US$ 149.2 million (2023)[1]
Number of employees	645 (2023)
Subsidiaries	Westcott, Clauss, PhysiciansCare, Pac-Kit, First Aid Only, DMT, Med-Nap, and Spill Magic
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 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 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.^[2]

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.