Acco Brands Corp. (NYSE: ACCO) has agreed to purchase Esselte Group Holdings AB, an European seller of office products, from J.W. Childs Assoc. LP for $333 million in cash. The acquisition brings news brands to Acco’s existing products, including: At-A-Glance, Mead, Nobo, NoteTote, Five Star and Zwipes.
Esselte manufactures office stationery and supplies for business and home office customers across 144 countries. The target supplies more than 20,000 products under brand names such as Esselte, Leitz, Oxford, Pendaflex, Rapid, and Xyron. Esselte owns approximately 25 percent of the European market share and generated nearly $458 million in sales in 2015. Esselte is headquartered in Scottsdale, Arizona.