Fairfield household-, school- and office-cutting/measuring tools maker Acme United Corp. purchased assets of Bloomfield's C-Thru Ruler Co. for about $1.5 million to expand its line of drawing and drafting wares.
The deal includes C-Thru's drafting and drawing inventory, tooling, brands, and other intellectual property, but not its scrap booking business, which will be run separately, officials said. Its headquarters is 6 Britton Drive in Bloomfield.
Schoolteacher Jennie Zachs started C-Thru Ruler in 1939, creating clear-plastic rulers, triangles, curves and protractors, authorities said. Its non-scrap booking revenues in 2011 were about $2.7 million.
Acme's 2011 sales were $73 million.
Acme Chairman and CEO Walter C. Johnsen said C-Thru's product line will be added to its Wescott cutting and measuring tools lineup, with production absorbed into Acme's existing staff and facilities.