ACCO Brands

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{{Infobox company

| name = ACCO Brands Corporation

| logo = ACCO Brands logo.svg

| logo_size = 100px

| type = Public

| traded_as = {{nyse|ACCO}}
Russell 2000 Component

| founded = {{Start date and age|1893}} (as Clipper Manufacturing Company)

{{Start date and age|2005}} (Merger with ACCO World and General Binding Corporation)

| founder = Fred J. Kline

| location_city = Lake Zurich, Illinois

| location_country = U.S.

| area_served = Worldwide{{efn|Except Africa and the Middle East.}}

| key_people = {{plainlist|

Boris Elisman (chairman,{{wbr}} president, and age CEO)
Neal Fenwick (EVP, CFO)
Patrick Buchenroth
Cezary L. Monko
Thomas W. Tedford

}}

| industry = Manufacturer

| products = Office products

| revenue = {{decrease}} $ 1.666 billion (2024){{cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/0000712034/000095017025024931/acco-20241231.htm|title=ACCO Brands Form 10k}}

| operating_income = {{increase}} $ 592.4 million (2024)

| net_income = {{increasenegative}} $ —101.6 million (2024)

| assets = {{decrease}} $ 2.228 billion (2024)

| equity = {{decrease}} $ 606.1 million (2024)

| num_employees = 5,000 (2024)

| parent =

| subsid = PowerA

| homepage = {{url|www.accobrands.com}}

}}

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).[http://edgar.secdatabase.com/2/119312505145588/filing-main.htm Fortune Brands and General Binding Corporation announce further progress toward creation of ACCO Brands Corporation] Joint press release of Fortune Brands and GBC dated July 19, 2005

History

In 1903, Fred J. Kline founded the Clipper Manufacturing Company (a maker of paper clips) in Long Island, New York.{{cite web |title=About ACCO Brands Corporation |url=https://www.dkhardware.com/acco-brands-corporation-ZM23056P1.html |website=DK Hardware Supply |access-date=21 April 2024}} 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,{{cite web|title=ACCO Rexel history|url=http://www.paper-shredders.org.uk/Acco_Rexel.html|access-date=2013-04-22|archive-date=2013-03-26|archive-url=https://web.archive.org/web/20130326085600/http://www.paper-shredders.org.uk/Acco_Rexel.html|url-status=dead}} a company selling stationery products.{{cite web|title=ACCO Hetzel products available online|url=http://www.conrad.com/ce/en/brand/ACCO-HETZEL|archive-url=https://web.archive.org/web/20130202163001/http://www.conrad.com/ce/en/brand/ACCO-HETZEL|url-status=dead|archive-date=February 2, 2013}} 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|date=January 2015}} In 2005, ACCO was spun off from Fortune Brands and, through the merger with the General Binding Corporation, ACCO Brands was formed.{{cite web|url=http://edgar.secdatabase.com/2/119312505145588/filing-main.htm |title=ACCO Brands, Form 8-K, Current Report, Filing Date Jul 21, 2005 |publisher=secdatabase.com |access-date =Dec 29, 2012}}

In 2012, ACCO Brands completed a $860 million deal to combine with MeadWestvaco’s Consumer and Office Products business.{{cite web|url=http://edgar.secdatabase.com/1448/119312512014744/filing-main.htm |title=ACCO Brands, Form 8-K, Current Report, Filing Date Jan 18, 2012 |publisher=secdatabase.com |access-date =Dec 30, 2012}} 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.{{cite web|url=http://edgar.secdatabase.com/2246/119312512075522/filing-main.htm |title=ACCO Brands, Form 10-K, Annual Report, Filing Date Feb 23, 2012 |publisher=secdatabase.com |access-date =Dec 30, 2012}} ACCO signed a deal with MyBinding and SYNNEX Corporation to expand distribution{{Cite web |last=MyBinding.com |title=MyBinding.com Partners with ACCO Brands and SYNNEX in New Distribution Agreement |url=https://www.prnewswire.com/news-releases/mybindingcom-partners-with-acco-brands-and-synnex-in-new-distribution-agreement-159028365.html |access-date=2024-12-19 |website=www.prnewswire.com |language=en}} on commercial line of GBC binding and laminating products.

ACCO acquired Esselte Group Holdings in 2017.{{cite press release |title=ACCO Brands Completes Acquisition Of Esselte Group Holdings AB |date=1 February 2017|url=https://seekingalpha.com/pr/16729275-acco-brands-completes-acquisition-esselte-group-holdings-ab |website=Seeking Alpha}}

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.{{Cite web |title=Oyster, Air Fryer and Bicycle Companies Say Their Goods Are Essential to Fighting Coronavirus So They Can Get Tariff Relief |author=Lydia DePillis |work=ProPublica |date=25 June 2020 |access-date=29 June 2020 |url= https://www.propublica.org/article/oyster-air-fryer-and-bicycle-companies-say-their-goods-are-essential-to-fighting-coronavirus-so-they-can-get-tariff-relief}}{{Cite web |title=Comment from Elizabeth Bishop |work=Regulations.gov |date=24 March 2020 |access-date=29 June 2020 |url= https://www.regulations.gov/document?D=USTR-2020-0014-0453}}

ACCO acquired video game peripheral manufacturer PowerA in 2020.{{Cite news|url=https://www.businesswire.com/news/home/20201217006069/en/ACCO-Brands-Closes-PowerA-Acquisition|title = ACCO Brands Closes PowerA Acquisition|date = 17 December 2020}}