ACCO (office supplies manufacturer)

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ACCO Brands Corporation
legal form Corporation
ISIN US00081T1088
founding 1903
Seat Lake Zurich , United States
management Boris Elisman, CEO
Number of employees 5,040
sales $ 1.557 billion
Branch Office supplies
Website www.accobrands.com
As of December 31, 2016

ACCO is an American office supplies manufacturer, which includes well-known group subsidiaries such as Leitz , Esselte , Kensington , Swingline , GBC and Rexel .

The parent company is called ACCO Brands, some of the national subsidiaries are only called ACCO for short. ACCO generates annual sales of around US $ 1.5 billion with branded office products. ACCO trades on the NYSE stock exchange in New York under the ticker symbol ABD .

history

In 1903 has Fred J. Kline , the Clipper Manufacturing Company in Long Iceland ( New York founded), the paper clips produced. In 1910 the company was changed to American Clip Company and used the short name ACCO, which became the official company name (company) in 1922. After many company takeovers, ACCO went public in 1983 and was taken over by American Brands (later Fortune Brands ) in 1987 . On August 17, 2005, the office products division ACCO World was spun off from Fortune Brands and the company ACCO Brands was created through the merger with the General Binding Corporation (GBC) .

In 2016, the ACCO Group acquired the Esselte Group from the private equity company JW Childs , which includes the Leitz company in Stuttgart. As part of this, the company name was changed from "" Esselte Leitz GmbH & Co KG "" to "LEITZ ACCO Brands GmbH & Co KG". At the time of the sale, the Leitz company had 455 employees and sales of 205.8 million euros.

Web links

Individual proof

  1. ↑ a b ACCO Brands 2016 Form 10-K Report , accessed on March 5, 2017
  2. ↑ Large takeover: Acco buys Esselte Group, accessed on March 30, 2018.