We’re very pleased to have Mr. Walter Johnsen, the Chairman and CEO of Acme United Corporation (ACU – $27.94), with us today. The progress at the Company continues to be impressive with another record breaking year in 2016. In this interview, Mr. Johnsen explains his growth plans for Acme to make 2017 the ninth consecutive year of record performance.
Mr. Johnsen reveals how he feels about the first quarter, which ended a few days ago, and he discusses the prospects for the Company’s Canadian and European business segments.
The CEO also touches upon the growing significance of online sales for the Company, both in the United States as well as in Europe. He explains that sales at two particular online platforms are doing very well.
A substantial portion of the interview is devoted to the recent acquisition and ongoing integration of Spill Magic, a manufacturer of cutting edge absorbents that help prevent slip & fall accidents.
The interview also digs deeper into Acme’s strategy to bring more manufacturing back home, and as such reduce its reliance on China. Interestingly, the Company has acquired four domestic manufacturers during the past six years.
In addition, investors find out why the Chinese RMB will most likely again increase Acme United’s margins in 2017.
The CEO also provides us with plenty of critical information about the progress at several of its brands, such as First Aid Only, Cuda, DMT, and Westcott.
Access our interview by clicking the play button on the media player below,
or download our convenient transcript.
|Smallcaps.us Advice: Buy||Price Target: $34.37||Latest Company Report (pdf)|
|For important disclosures, please read our disclaimer.|