ACCO Brands

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ACCO Brands Corporation
Type Public (NYSEACCO)
Industry Manufacturer
Founded 2005 (Merger with ACCO World and General Binding Corporation)
Headquarters Lake Zurich, IL, USA
Area served North America
Europe
Australia
South America
Key people

Robert Keller
(Executive Chairman)

Boris Elisman
(President) & (CEO)

Neal Fenwick
(Executive Vice President) & (CFO)
Products Office products
Revenue

Increase $ 1.8 billion (FY 2013)

[1]
Operating income Increase $ 115.2 million (FY 2011)[1]
Net income Increase $ 56.7 million (FY 2011)[1]
Total assets Decrease $ 1.1 billion (FY 2011)[1]
Total equity Increase $ -61 million (FY 2011)[1]
Employees 3,800 (December 2011)[1]
Website ACCObrands.com

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

History[edit]

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, 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.[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]

References[edit]

External links[edit]