Acme United Corporation

Acme United Corporation is a Connecticut-based consumer and industrial products company focused on first aid/medical supplies and cutting/sharpening tools sold under a portfolio of brands into retail and distributor channels. The business spans school, home, office, hardware, sporting goods and industrial end markets, with a mix of replenishment-driven first aid programs and discretionary cutting products tied to merchandising cycles. Operations combine North American assembly/manufacturing and distribution with Asia-based sourcing, quality control and production planning, reflecting a global supply chain for largely commodity-like categories. Growth has been supported by acquisitions that expand the first aid and safety portfolio (e.g., Elite First Aid in 2024 and My Medic closed in January 2026) and by product innovation such as barcode scanning for first aid kit replenishment and OSHA compliance.

10,7 %

39,4 %

5,2 %

+1,1 %

4.21

1.59

— Acme United Corporation
%
First Aid & Medical66% First aid kits, workplace medical supplies, wipes, and replenishment-oriented programs.
Cutting Tools22% Scissors, shears and knives sold into school, home, office and hardware channels.
Sharpening Tools7% Sharpening stones and related tools, including the DMT product line.
Safety/Spill Response5% Spill Magic absorbents and spill response products manufactured in the U.S.

Acme United sells primarily through third-party retailers and distributors rather than directly to end users, using...

  • Mass market & e-commerce retailersprimary

    Buy branded first aid kits and cutting tools for high-velocity retail shelves and online listings; require competitive pricing, merchandising support and on-time delivery.

  • Industrial distributors & workplace safety buyersprimary

    Purchase first aid kits, medical supplies and spill response products for workplaces; value compliance support (e.g., replenishment) and consistent availability.

  • Office, school & stationery channelssecondary

    Buy scissors and school/office products (including back-to-school assortments) and related items; demand is seasonal and promotion-driven.

  • Hardware & sporting goods chainssecondary

    Carry cutting, sharpening and safety-related products where assortment breadth and product performance influence shelf placement.

  • Direct-to-consumer (owned websites)emerging

    Consumers purchase select first aid and cutting products directly; supports brand building and margin capture but is smaller than wholesale channels.

Acme United operates across the United States, Canada, Europe (with operations located in Germany) and Asia (with...

  • United States is the core market and houses multiple assembly/manufacturing sites
  • Canada includes first aid kit assembly in Laval supporting regional distribution
  • Germany-based operations support European sales and a small cutting/sharpening line
  • Hong Kong/China footprint supports sourcing, QC and production planning
  • Supply chain reliance on Asia increases tariff and freight sensitivity
  • Multi-site U.S. manufacturing reduces some import exposure for select categories

Strategy centers on expanding the first aid and medical portfolio, which management notes has grown to roughly...

01
Acquire and integrate first aid and emergency-response brandsmedium-term

Adds higher-frequency replenishment categories and new customer use-cases.

02
Scale replenishment and compliance-oriented first aid solutionsshort-term

Improves customer stickiness in workplace programs and supports recurring demand.

03
Strengthen supply chain resilience and fulfillment performancemedium-term

Retailer scorecards and e-commerce availability directly affect sales and penalties.

A meaningful share of sales is concentrated in a small number of large retailers and distributors; losing a major...

high

Customer concentration and dependence on third-party retailers/distributors

A limited number of customers account for a substantial portion of sales and receivables; loss or disruption can reduce sales and earnings.

Scope
Two customers exceeded 10% of net sales in 2025 (~13% each); three customers were 10%+ of receivables.
Materiality
high
high

Tariffs and trade conflict exposure from China-linked sourcing

Tariffs on Chinese goods have increased cost of goods sold and may change with policy/retaliation, affecting pricing and demand.

Scope
Significant portion of products/components sourced from China.
Materiality
high
high

Supply chain and fulfillment disruptions

Overseas shipping delays, container availability, customs clearance and carrier constraints can cause late deliveries, penalties and lost orders.

Scope
Global sourcing and reliance on third-party carriers and vendors.
Materiality
medium
medium

Cybersecurity incidents and information systems compromise

Unauthorized access or disruption could impair operations, trigger regulatory issues, and damage reputation with large retail/distributor partners.

Materiality
medium
medium

Growth and acquisition integration execution risk

Rapid growth and acquisitions increase demands on systems; poor integration can create inefficiencies and unanticipated costs.

Scope
Elite First Aid (2024) and My Medic (closed Jan 2026).
Materiality
medium
Amortization of patents and trademarks (finite-lived intangibles)
Weighted average remaining amortization period ~7 years at Dec 31, 2025
Seasonality and interim period comparability
Sales/profits typically stronger in Q2–Q3 and weaker in Q1/Q4
Accounts receivable collectability and customer deductions
Three customers were 10%+ of trade receivables at Dec 31, 2025
Inventory valuation and potential write-downs
Management cites inventory valuation risk from unfavorable demand shifts

: 11/08/2026