ACCO Brands

ACCO Brands Corporation
Public
Traded as 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
(President) & (CEO)

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

Increase $ 1.557 billion (2016)

[1]
Increase $ 167.3 million (2016)[1]
Increase $ 95.5 million (2016)[1]
Total assets Increase $ 2.065 billion (2016)[1]
Total equity Increase $ 708.7 million (2016)[1]
Number of employees
 5,040 (2016)[1]
Website ACCObrands.com

ACCO Brands Corporation is an American 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. 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]

Rexel

ACCO Brands is also the owner of the Rexel brand, which sells shredders, binding machines and staplers. Rexel products are sold both off-line 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.

Kensington Computer Products

It also owns the subsidiary company, Kensington Computer Products Group, which is best known for the Kensington Security Slot and also sells computer accessories and peripherals such as computer mice, trackballs, computer keyboards, notebook bags, iPod accessories and power supplies. Kensington was founded in 1981 with the invention of the System Saver, a combined cooling fan and surge protector designed for use with the Apple II computer. They currently produce more than 300 different computer accessory products.

See also

References

  1. 1 2 3 4 5 6 https://finance.yahoo.com/quote/ACCO/financials?p=ACCO
  2. ↑ "ACCO Rexel history".
  3. ↑ "ACCO Hetzel products available online".
  4. ↑ "ACCO Brands, Form 8-K, Current Report, Filing Date Jul 21, 2005". secdatabase.com. Retrieved Dec 29, 2012.
  5. ↑ "ACCO Brands, Form 8-K, Current Report, Filing Date Jan 18, 2012". secdatabase.com. Retrieved Dec 30, 2012.
  6. ↑ "ACCO Brands, Form 10-K, Annual Report, Filing Date Feb 23, 2012". secdatabase.com. Retrieved Dec 30, 2012.
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