ACCO Brands

ACCO Brands Corporation is an American multinational company. It was created by the merger of ACCO World from Fortune Brands with General Binding Corporation (GBC).^[2]

ACCO Brands Corporation

Company type	Public
Traded as	NYSE: ACCO Russell 2000 Component
Industry	Manufacturer
Founded	1893; 132 years ago (1893) (as Clipper Manufacturing Company) 2005; 20 years ago (2005) (Merger with ACCO World and General Binding Corporation)
Founder	Fred J. Kline
Headquarters	Lake Zurich, Illinois , U.S.
Area served	Worldwide[a]
Key people	Boris Elisman (chairman, president, and age CEO) Neal Fenwick (EVP, CFO) Patrick Buchenroth Cezary L. Monko Thomas W. Tedford
Products	Office products
Revenue	$ 1.666 billion (2024)[1]
Operating income	$ 592.4 million (2024)[1]
Net income	$ —101.6 million (2024)[1]
Total assets	$ 2.228 billion (2024)[1]
Total equity	$ 606.1 million (2024)[1]
Number of employees	5,000 (2024)[1]
Subsidiaries	PowerA
Website	www.accobrands.com

History

In 1903, Fred J. Kline founded the Clipper Manufacturing Company (a maker of paper clips) in Long Island, New York.^[3] 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,^[4] a company selling stationery products.^[5] 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.^[6]

In 2012, ACCO Brands completed a $860 million deal to combine with MeadWestvaco’s Consumer and Office Products business.^[7] 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.^[8] ACCO signed a deal with MyBinding and SYNNEX Corporation to expand distribution^[9] on commercial line of GBC binding and laminating products.

ACCO acquired Esselte Group Holdings in 2017.^[10]

In March 2020, the company asked for Section 301 tariff relief for their Kensington laptop docking stations, which had 25% tariffs due to Trump's 2018 China–United States trade war. The company's relief application said sales had increased 200% and they were needed for healthcare workers.^[11][12]

ACCO acquired video game peripheral manufacturer PowerA in 2020.^[13]

See also

• Companies portal

• Advanced Gravis Computer Technology
• Derwent Cumberland Pencil Company
• General Binding Corporation
• Kensington Security Slot
• Swingline

Notes

1. Except Africa and the Middle East.