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| Symbol (US): | ACU |
| Website: | www.acmeunited.com |
Acme United Corporation is an innovative supplier of cutting devices, measuring instruments, and safety products for school, home, office, hardware and industrial use. Its leading brands include Westcott, Clauss, First Aid Only, PhysiciansCare and Pac-Kit.
During the second quarter, ended June 30, 2011, Acme United (ACU – $10.10), the supplier of cutting devices, measuring instruments and safety products, generated sales of $24.0 million, an increase of 17% compared with the same period last year. Back to school sales were strong, Pac-Kit, which was recently acquired, is already contributing nicely and new product sales are doing […]
Read moreAcme United (ACU – $9.71) won a prestigious IDEA award for its entire Clauss AirShoc line of garden products in the ‘Home Living’ category. After winning a GOOD DESIGN award, this is the second design recognition for the outstanding gardening tools. The Industrial Designers Society of America (IDSA) is the world’s oldest, and largest, member-driven organisation for product design. The […]
Read moreBased on the below information, we reiterate our buy recommendation for Acme United (ACU – $9.40). We calculated an earnings forecast of $3.10 million, or 1.00 dollar per share, for fiscal year 2011. Our price target is $14.53 per share, which is about 50% above today’s stock price. Acme United acquired The Pac-Kit Safety Equipment Company late February 2011, a […]
Read moreI was very pleased late last week to be able to visit Acme United’s (ACU – $9.40) head office and its newly acquired Pac-Kit manufacturing plant in Connecticut. I walked away impressed about the Company’s new products and confident about its future growth. Clauss Garden Tools At the head office, I got to see all the products that were either […]
Read moreAcme United Corp. (ACU – $9.75) surprised us with not one, but two major announcements this week. First it said that it acquired Pac-Kit Safety Equipment Company, a manufacturer of first aid kits, which is complementary with the Company’s existing PhysiciansCare brand. Next, Acme reported fiscal year 2010 results and explained the corporate goals and strategies for the current year. […]
Read moreAcme United Corporation (ACU – $10.08) has modified its revolving loan agreement with Wells Fargo Bank, N.A. The amendments include an increase in the maximum borrowing amount from $18 million to $20 million and an extension of the maturity date of the loan from February 1, 2012 to March 31, 2013. The interest rate remains at LIBOR plus 2%, which […]
Read moreAcme United (ACU – $9.97) issued two press releases this week of which most readers probably said: OK, no big deal. But don’t be fooled, these were strategic decisions of which we’ll see the impact in 6 to 12 months. On Monday, Acme announced that it promoted Dennis Liang to Vice President of Sales for Asia Pacific and that YB […]
Read moreJanuary is especially exciting for Acme United (ACU – 10.23) because that’s when the Shot Show is being held, the Company’s most important sales event of the year. Each year the Shooting, Hunting and Outdoor Tradeshow attracts thousands of visitors from all over the world. Also attending, was Rick Constantine, the Vice President of Marketing for Acme United’s Camillus and […]
Read moreDesign is joy. Design is engaging. Design is passion. Design is cool. (not in the cold sense of the word) Design makes products sell. Yesterday, Acme United Corporation (ACU – $9.52) announced that it won six GOOD DESIGN awards for its Clauss AirShoc line of garden products. GOOD DESIGN is an award from the Chicago Athenaeum, Museum of Architecture and […]
Read moreAcme United (ACU – $9.75) is growing fast internationally. During the third quarter of 2010, European and Canadian sales grew 22% and 9% respectively. In order to continue that growth, the Company is hiring additional sales people in Asia and Europe. The coming months are very interesting for ACU. This month and early 2011, a new line of Camillus knives […]
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