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Company type | Public |
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NYSE: ACCO Russell 2000 Component | |
Industry | Manufacturer |
Founded | 1893 2005 (Merger with ACCO World and General Binding Corporation ) | (as Clipper Manufacturing Company)
Founder | Fred J. Kline |
Headquarters | , U.S. |
Area served | Worldwide [a] |
Key people | |
Products | Office products |
Revenue | $ 2.059 billion (2021) [1] |
$ 176.0 million (2021) [1] | |
$ 101.9 million (2021) [1] | |
Total assets | $ 3.091 billion (2021) [1] |
Total equity | $ 864.8 million (2021) [1] |
Number of employees | 6,000 (2021) [1] |
Subsidiaries | PowerA |
Website | www |
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]
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 acquired Esselte Group Holdings in 2017. [9]
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. [10] [11]
ACCO acquired video game peripheral manufacturer PowerA in 2020. [12]
Atari is a brand name that has been owned by several entities since its inception in 1972. It is currently owned by French holding company Atari SA. The original Atari, Inc., founded in Sunnyvale, California, United States in 1972 by Nolan Bushnell and Ted Dabney, was a pioneer in arcade games, home video game consoles, and home computers. The company's products, such as Pong and the Atari 2600, helped define the electronic entertainment industry from the 1970s to the mid-1980s.
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The Esselte Leitz GmbH & Co KG, also Leitz, is a German manufacturer of office products. The company, which is headquartered in Stuttgart, is owned by Esselte since 1998, who in turn were acquired by ACCO Brands in 2017. Today the brand Leitz is used by Esselte mainly for filing and workspace products.
Computer Sciences Corporation (CSC) was an American multinational corporation that provided information technology (IT) services and professional services. On April 3, 2017, it merged with the Enterprise Services line of business of HP Enterprise to create DXC Technology.
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Fortune Brands was a holding company founded in 1969 as American Brands, renamed in 1997 and split apart in 2011. The corporate headquarters was in Deerfield, Illinois, in the United States. The company had diversified product lines. It announced on December 8, 2010, that it would focus on its liquor business, and spin off or sell other parts of the company including home furnishings, hardware and golf products. The company sold its Titleist and FootJoy product lines to Fila. On October 3, 2011, it split the remainder of its business into two publicly traded companies: Fortune Brands Home & Security and Beam Inc.. On January 13, 2014, Suntory announced it would buy Beam Inc. for about $13.6 billion. The acquisition was completed on April 30, 2014, for about $16 billion and Beam became a subsidiary of Suntory named Beam Suntory, Suntory Global Spirits since 2024.
General Binding Corporation (GBC) is a business machines and supplies manufacturer which makes equipment and supplies for binding, lamination, and other presentation products. The company is part of ACCO Brands and is headquartered in Lake Zurich, Illinois.
Berry Global Group, Inc. is a Fortune 500 global manufacturer and marketer of plastic packaging products. Headquartered in Evansville, Indiana, it has over 265+ facilities across the globe and more than 46,000+ employees With $14+ billion in revenues in fiscal year 2022, the company is one of the largest Indiana headquartered company in Fortune Magazine’s ranking. The company changed its name from Berry Plastics to Berry Global in 2017.
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Arrow Electronics, Inc. is an American Fortune 500 company headquartered in Centennial, Colorado. A global provider of electronic components and enterprise computing products, the company specializes in distribution and value-added services for original equipment manufacturers, value-added resellers, managed service providers, contract manufacturers and other commercial customers. The company was ranked No. 133 in the 2024 Fortune 500 list of the largest United States corporations by total revenue. The company has also been recognized for 11 consecutive years at the top of its industry ranking on Fortune's "World's Most Admired Companies" list.
W. W. Grainger, Inc., is an American Fortune 500 industrial supply company founded in 1927 in Chicago by William W. (Bill) Grainger. He founded the company to provide consumers with access to a consistent supply of motors. The company now serves more than 4.5 million customers worldwide with offerings such as motors, lighting, material handling, fasteners, plumbing, tools, and safety supplies, along with inventory management services and technical support. Revenue is generally from business-to-business sales rather than retail sales. Grainger serves its customers through a network of approximately 331 branches, online channels, and 34 distribution facilities.
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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 Staples and Wal-Mart. The company makes over 2500 products, including pads in a variety of sizes, paper grades, colors, and bindings. Its headquarters are located in Richardson, Texas, United States. with four factories in North America, including facilities in the United States and a plant in Matamoros, Tamaulipas, Mexico.
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