ACCO Brands Corporation (ACCO) Tops Q3 EPS by 1c; Boosts FY16 EPS Outlook
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ACCO Brands Corporation (ACCO) to Acquire Esselt for $333M
October 24, 2016 6:46 AM EDTACCO Brands Corporation (NYSE: ACCO) signed a definitive agreement to acquire Esselte Group Holdings AB, a leading European office products company, from private equity firm J.W. Childs for $333 million in cash. 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 products.
Esselte is a leading European manufacturer and marketer of office and consumer products. It takes products to market under the Leitz, Rapid and... More
