Esselte is a manufacturer and marketer of office products and business supplies with

subsidiaries A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a sa ...

in 25 countries and sales in over 120 countries. Esselte makes files, binders, folders, covers, staplers, letter trays and computer accessories under the Esselte,

Leitz Leitz may refer to several German companies: *Esselte Leitz GmbH & Co KG, founded by Louis Leitz in 1896, a German manufacturer of office products **Louis Leitz (1846–1918), German inventor and founder of Esselte Leitz GmbH & Co KG * Leitz GmbH & ...

Oxford Oxford () is a city in England. It is the county town and only city of Oxfordshire. In 2020, its population was estimated at 151,584. It is north-west of London, south-east of Birmingham and north-east of Bristol. The city is home to the ...

Pendaflex Pendaflex is a maker of office filing products headquartered in Melville, NY, USA. Pendaflex is a wholly owned subsidiary of TOPS Products Company history 1882–1909: the early years The company was founded in Manhattan in 1882 by brothers Char ...

, Rapid and Xyron brands. Customers range from

wholesale Wholesaling or distributing is the sale of goods or merchandise to retailers; to industrial, commercial, institutional or other professional business users; or to other wholesalers (wholesale businesses) and related subordinated services. In ...

rs and direct marketers to office superstores and mass retailers. Founded in 1913 in

Stockholm Stockholm () is the Capital city, capital and List of urban areas in Sweden by population, largest city of Sweden as well as the List of urban areas in the Nordic countries, largest urban area in Scandinavia. Approximately 980,000 people liv ...

Sweden Sweden, formally the Kingdom of Sweden,The United Nations Group of Experts on Geographical Names states that the country's formal name is the Kingdom of SwedenUNGEGN World Geographical Names, Sweden./ref> is a Nordic country located on ...

, Esselte is today owned by American office supplies manufacturer

ACCO Brands ACCO Brands Corporation is an American multinational company and is one of the world's largest designers, manufacturers, and marketers of premium business, technology, academic, and consumer products. It was created by the merger of ACCO World ...

History

Founded in 1913, when 13 Swedish printing and graphic businesses joined forces to create the company ''Sveriges Litografiska Tryckerier''—abbreviated ''SLT''—in 1970, the company renamed itself Esselte, reflecting the pronunciation of the abbreviation. In 2002, the Boston, MA based US private equity investment firm

J.W. Childs Associates J. W. Childs Associates limited partnership, L.P. (JWC) is an American private equity firm focused on leveraged buyout and recapitalization transactions for Middle-Market Companies, middle-market growth companies. JWC places particular emphasis ...

purchased Esselte for approximately $560 million in a transaction originated and introduced by Jonathan Slater of Sequel Management, a Boston-based transaction sponsor. At the time of the Esselte acquisition by J.W. Childs, the company was dual listed on the Stockholm and London Stock Exchanges and had revenues in excess of $1 billion.

Acquisitions

In 1978, Esselte acquired the

DYMO Corporation Dymo Corporation is an American manufacturing company of handheld label printers and thermal-transfer printing tape as accessory, embossing tape label makers, and other printers such as CD and DVD labelers and durable medical equipment. The com ...

which grew to revenues of approximately $225 million by 2005 when it was sold to

Newell Rubbermaid Newell Brands is an American manufacturer, marketer and distributor of consumer and commercial products. The company's brands and products include Rubbermaid storage and trash containers; home organization and reusable container products; Contig ...

for approximately $730 million (more than 1.3x the price J.W. Childs paid for Esselte itself back in 2002). In 1998, the company acquired

, a leading German manufacturer of office products. In 2010, Esselte acquired Isaberg Rapid, a leading stapling company based in Sweden, and

Ampad American Pad & Paper LLC, or Ampad, is a manufacturer of office products, including writing pads, specialty papers, filing products and envelopes. Some products are marketed under the Ampad brand name, others are produced for brands including ...

, a leading North American manufacturer of office products.

References

External links

* {{Authority control Manufacturing companies established in 1913 Manufacturing companies based in Stockholm Office supply companies Stationery Swedish brands 2017 mergers and acquisitions Swedish companies established in 1913