ACU · CIK 2098
What Acme United Corp. told the SEC could break it.
Acme United's disclosures cluster on a China-centered supply chain and the tariffs hitting it. Its Asia vendors are primarily in China, exposing it to that region's regulatory, political, economic and currency shifts, and U.S. tariffs have already raised the cost of its China-made school and office products — enough to drive customer order cancellations in the second half of 2025, with legal uncertainty around the tariff regime adding more. On the demand side, two customers each accounted for about 13% of 2025 net sales, concentrating roughly a quarter of revenue in two large accounts.
3 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
In its own words
What could break it.
Customer concentration
- two customers each ~13% of net salesmedium
Acme United had two customers in 2025 that each individually exceeded 10% of consolidated net sales (about 13% each), concentrating roughly a quarter of revenue in two large retail/distribution accounts.
“The Company had two customers in 2025 and 2024, respectively, that individually exceeded 10% of consolidated net sales. Net sales to each of these two customers were approximately 13% of consolidated net sales in 2025 and 14% and 13% in 2024.”
SEC filing →As of 2026
Geographic concentration
- supply base concentrated in Chinamedium
Acme United sources from Asia, Europe, Africa and the US, but its Asia vendors are primarily in China, exposing it to Chinese regulatory, political, economic and foreign-currency risk.
“The Company's Asia vendors are located primarily in China, which subjects the Company to various risks within the region including regulatory, political, economic and foreign currency changes.”
Regulatory & policy
- U.S. tariffs on China-made school/office productsmedium
Tariffs have raised the cost of Acme United's China-manufactured school and office products and already drove customer order cancellations in H2 2025; legal uncertainty around the tariff regime adds further risk.
“Prior tariffs have increased the cost of certain of our products to customers, particularly products for the school and office markets that are manufactured for us in China.”
SEC filing →As of 2026
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