ACCO Brands

ACCO Brands Corporation is an American manufacturer of office products. It was created by the merger of ACCO World from Fortune Brands with General Binding Corporation (GBC).

ACCO Brands Corporation
Public
Traded asNYSE: ACCO
Russell 2000 Component
ISINUS00081T1088 
IndustryManufacturer
Founded2005 (Merger with ACCO World and General Binding Corporation)
Headquarters
Lake Zurich, Illinois
,
US
Area served
Worldwide[lower-alpha 1]
Key people
  • Boris Elisman (chairman,​ president, CEO)
  • Neal Fenwick (executive vice​ president, CFO)
  • Patrick Buchenroth
  • Cezary L. Monko
  • Thomas W. Tedford
ProductsOffice products
Revenue $ 1.948 billion (2017) [1]
$ 167.3 million (2017)[1]
$ 131.7 million (2017)[1]
Total assets $ 2.799 billion (2017)[1]
Total equity $ 774.1 million (2017)[1]
Number of employees
6,620 (2017)[1]
Websitewww.accobrands.com

History

In 1903, Fred J. Kline founded the Clipper Manufacturing Company (a maker of paper clips) in Long Island, New York. In 1910, the company became the American Clip Company, and first used the name "ACCO" as an initialism, which became the company's formal name in 1922. After many acquisitions, ACCO went public in 1983, and was acquired in 1987 by American Brands (later Fortune Brands).

In 1990, ACCO acquired Hetzel in Germany,[2] a company selling stationery products.[3] In 1992, ACCO UK was created from the integration of ACCO Europe and Rexel Ltd. ACCO UK is the UK's largest manufacturer of office products. In 2005, ACCO was spun off from Fortune Brands and, through the merger with the General Binding Corporation, ACCO Brands was formed.[4]

In 2012, ACCO Brands completed a $860 million deal to combine with MeadWestvaco’s Consumer and Office Products business.[5] The transaction added brands like Mead, Five Star, Trapper Keeper, AT-A-GLANCE, Cambridge, Day Runner, Hilroy, Tilibra and Grafons to ACCO Brands' product line.[6]

ACCO acquired Esselte Group Holdings in 2017.[7]

See also

Notes
  1. Except Africa and the Middle East.

References
  1. "ACCO Income Statement Acco Brands Corporation Stock – Yahoo Finance". finance.yahoo.com. Retrieved 11 September 2018.
  2. "ACCO Rexel history".
  3. "ACCO Hetzel products available online".
  4. "ACCO Brands, Form 8-K, Current Report, Filing Date Jul 21, 2005". secdatabase.com. Retrieved Dec 29, 2012.
  5. "ACCO Brands, Form 8-K, Current Report, Filing Date Jan 18, 2012". secdatabase.com. Retrieved Dec 30, 2012.
  6. "ACCO Brands, Form 10-K, Annual Report, Filing Date Feb 23, 2012". secdatabase.com. Retrieved Dec 30, 2012.
  7. "ACCO Brands Completes Acquisition Of Esselte Group Holdings AB". Seeking Alpha (Press release). 1 February 2017.
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