ACCO acquires Esselte

Posted on Mar 11 2017 - 10:00am by Editorial

ACCO Brands, one of the world’s largest designers, marketers and manufacturers of branded business, academic and consumer products, has acquired office products company Esselte. The combination improves ACCO Brands’ scale and enhances its position as an industry leader in Europe.

“We are excited to add Esselte, its talented employees and its portfolio of products and brands to the ACCO Brands family,” said Boris Elisman, Chairman, President and Chief Executive Officer of ACCO Brands. “This transaction, together with the Pelikan Artline acquisition completed in May 2016, is expected to deliver approximately $31 million of annual synergies by the third anniversary of the Esselte closing.”

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