ACCO Brands
 |
|
| Public (NYSE: ACCO) | |
| 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 (Chairman) Boris Elisman (Executive Vice President) & (CFO) |
| Products | Office products |
| Revenue |  $ 1.8 billion (FY 2013) [1] |
| $ 115.2 million (FY 2011)[1] |
|
| $ 56.7 million (FY 2011)[1] |
|
| Total assets |  $ 1.1 billion (FY 2011)[1] |
| Total equity | $ -61 million (FY 2011)[1] |
|
Number of 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
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.[citation needed]
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 Brands is also the owner of REXEL Brand which sells Shredders & Binding Machines. Rexel sells it products both offline in retail outlets and online via e-commerce stores worldwide. Some leading examples of online stores selling Rexel Shredders are: Amazon in the US and Altimus Office Supplies LLC in the Middle East.
Notable brands
References
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