Acme United Corporation Acquires Clauss Cutlery Assets.Business Editors FAIRFIELD, Conn.--(BUSINESS WIRE)--June 1, 2004 Acme United Corporation (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :ACU ACU See: Asian currency units ) announced today the acquisition of the scissor scissor pertaining to scissors; like scissors in effect. scissor bite see scissor bite. scissor mouth a narrow space between the rami of the mandible so that the molar arcades do not meet. and cutting business of Clauss Cutlery from Alco Industries. The scissor and cutting business at Clauss is expected to generate approximately $2.0 million in annual revenues. The purchase price was the aggregate value of inventory, trademarks and brand names totaling approximately $500,000. Clauss Cutlery was founded in 1877 in Fremont, Ohio Fremont is a city in the U.S. state of Ohio and the county seat of Sandusky County.GR6 The population was 17,375 at the 2000 census. Geography Fremont is located at (41.348909, -83. and at one time was the largest manufacturer of scissors scissors Cutting instrument or tool consisting of a pair of opposed metal blades that meet and cut when the handles at their ends are brought together. Modern scissors are of two types: the more usual pivoted blades have a rivet or screw connection between the cutting ends in the world. It pioneered many sewing, stationery, and industrial scissor designs, and has a rich history of quality products. Today, Clauss has strong presence in the industrial and floral markets. Its scissors and cutting tools are distributed by most major industrial distributors and are sold to the auto, textile, food processing, and electronic industries. The Clauss family of floral scissors is used commercially by leading florists in North America. Walter C. Johnsen, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Acme United said, "Clauss provides an excellent platform on which to build. Its customers increase the market reach of all our products, including the measuring and safety categories. It provides a broader offering of industrial and heavy duty scissors, and a separate brand for particularly high quality products." Mr. Johnsen also said that the Clauss business will be folded into existing Acme operations, and that operating efficiencies are anticipated from the increased volume. Acme United Corporation is a specialized supplier of cutting devices, measuring instruments, and safety products for school, home, office, and industrial use. |
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