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02.05 15:31:32

Acco merger completed - USA

ACCO Brands has completed the merger with MeadWestvaco's Consumer & Office Products business. The transaction brings popular brands such as Mead, Five Star, Trapper Keeper, AT-A-GLANCE, Cambridge, Day Runner, Hilroy, Tilibra and Grafon's into ACCO Brands' product portfolio.
 

"The combination of our businesses creates a powerhouse of complementary brands and products that we will be able to market across all relevant channels, including mass market retail, office super stores, independent and wholesale office products dealers, and e-commerce outlets," said Robert J. Keller, chairman and chief executive officer of ACCO Brands Corporation. "We are also significantly diversifying our global footprint. Our new colleagues from the legacy Mead business bring talent and expertise that will contribute to anticipated future growth, and we warmly welcome them into the ACCO Brands family."

The addition of MeadWestvaco's Consumer & Office Products business increases ACCO Brands' 2011 revenues by more than 50 percent on a pro-forma basis.


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