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 from Fortune Brands with

General Binding Corporation General Binding Corporation (GBC) is an American office supplies manufacturer which makes equipment and supplies for binding, lamination, and other presentation products. The company is part of ACCO Brands. Its headquarters are in Lake Zurich, I ...

(GBC).

History

In 1903, Fred J. Kline founded the Clipper Manufacturing Company (a maker of

paper clips A paper clip (or paperclip) is a tool used to hold sheets of paper together, usually made of steel wire bent to a looped shape (though some are covered in plastic). Most paper clips are variations of the ''Gem'' type introduced in the 1890s or e ...

) in Long Island, New York. In 1910, the company became the American Clip Company, and first used the name "ACCO" as an

initialism An acronym is a word or name formed from the initial components of a longer name or phrase. Acronyms are usually formed from the initial letters of words, as in ''NATO'' (''North Atlantic Treaty Organization''), but sometimes use syllables, as ...

, 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, a company selling stationery products. 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. In 2012, ACCO Brands completed a $860 million deal to combine with

MeadWestvaco MeadWestvaco Corporation was an American packaging company based in Richmond, Virginia. It had approximately 23,000 employees. In February 2006, it moved its corporate headquarters to Richmond. In March 2008, the company announced a change to sta ...

’s Consumer and Office Products business. 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. ACCO acquired Esselte Group Holdings in 2017. 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 China–United States trade war () is an ongoing economic conflict between the People's Republic of China and the United States of America. In January 2018, U.S. President Donald Trump began setting tariffs and other trade barriers on Chin ...

. The company's relief application said sales had increased 200% and they were needed for healthcare workers. ACCO acquired video game peripheral

manufacturer Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a ran ...

PowerA PowerA is an American video game peripheral manufacturer based in Woodinville, Washington. The company is most known for its MOGA line of controllers. The company was acquired by ACCO Brands on December 17, 2020 for $340 Million. MOGA control ...

in 2020.

Notes

References

External links

*
ACCO Brands home

Official Rexel Website
{{Authority control Companies listed on the New York Stock Exchange Manufacturing companies established in 1903 Companies based in Lake County, Illinois Office supply companies of the United States Manufacturing companies based in Illinois 1980s initial public offerings

History

See also

Notes

References

External links