ACCO Brands
 |
|
| Type | Public (NYSE: ABD) |
|---|---|
| Industry | Manufacturer |
| Founded | 2005 (Merger with ACCO World and General Binding Corporation) |
| Headquarters | Lincolnshire, IL, USA |
| Area served | North America Europe Australia |
| Key people |
Robert J. Keller (Executive Vice President) & (CFO) |
| Products | Office products |
| Revenue |  US$1.27 Billion (FY 2009)[1] |
| Operating income | US$84.2 Million (FY 2009)[1] |
| Net income |  US$-126 Million (FY 2009)[1] |
| Total assets | US$1.11 Billion (FY 2009)[2] |
| Total equity | US$-117 Million (FY 2009)[2] |
| Employees | 6,000 (2008) |
| Website | ACCObrands.com |
ACCO Brands Corporation (NYSE: ABD) is an umbrella company, created by the merger of ACCO World from Fortune Brands with General Binding Corporation (GBC).
[edit] 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 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, and its brands include Derwent Cumberland Pencil Company.
In 2005, ACCO was spun off from Fortune Brands and through the merger with the General Binding Corporation, ACCO Brands was formed.
