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 (GBC).
History
In 1903, Fred J. Kline founded the Clipper Manufacturing Company (a maker of
paper clips) 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’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 ...
. The company's relief application said sales had increased 200% and they were needed for healthcare workers.
ACCO acquired
video game peripheral
A video game accessory is a distinct piece of hardware that is required to use a video game console, or one that enriches the video game's play experience. Essentially, video game accessories are everything except the console itself, such as cont ...
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 ...
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 controll ...
in 2020.
See also
*
Advanced Gravis Computer Technology
Advanced Gravis Computer Technology, Ltd. was a manufacturer of computer peripherals and hardware. The company was founded in 1982 in British Columbia, Canada.
Their most famous products were the Gravis PC GamePad, at one time one of the most po ...
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Derwent Cumberland Pencil Company
*
General Binding Corporation
*
Kensington Security Slot
A Kensington Security Slot (also called a K-Slot or Kensington lock) is part of an anti-theft system designed in the mid 1980s and patented by Kryptonite in 1999–2000,''Security anchor/tether assemblage for portable articles'': and (Corneliu ...
*
Swingline
Notes
References
External links
*
ACCO Brands homeOfficial 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