ACCO Brands Corporation (ACCO) to Acquire Esselt for $333M

ACCO Brands Corporation To Acquire Esselte Group Holdings AB

LAKE ZURICH, Ill., Oct. 24, 2016 /PRNewswire/ -- ACCO Brands Corporation (NYSE: ACCO), one of the world's largest designers, marketers and manufacturers of branded business, academic and consumer products, today announced that it has signed a definitive agreement to acquire Esselte Group Holdings AB ("Esselte"), a leading European office products company, from private equity firm J.W. Childs for $333 million in cash.1  Esselte's 2015 sales were $458 million with adjusted EBITDA of $60 million.1  ACCO Brands plans to combine Esselte with its existing European operations, creating a pan-European leader in branded business... More