Esselte
{{Infobox company
| name = Esselte
| logo = Esselte_Logo.svg
| former_name = Sveriges Litografiska Tryckerier (until 1970)
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| founded = {{Start date and age|1913}} in Stockholm, Sweden
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| products = Office supplies
| owner = ACCO Brands
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| website = {{URL|esselte.com}}
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Esselte is a manufacturer and marketer of office products and business supplies with subsidiaries in 25 countries and sales in over 120 countries.{{cite web|title=Esselte|url=http://www.jwchilds.com/node/43|publisher=J.W. Childs Associates|access-date=27 June 2014|url-status=dead|archiveurl=https://web.archive.org/web/20141020013842/http://www.jwchilds.com/node/43|archivedate=20 October 2014}} Esselte makes files, binders, folders, covers, staplers, letter trays and computer accessories under the Esselte, Leitz, Oxford, Pendaflex, Rapid and Xyron brands. Customers range from wholesalers and direct marketers to office superstores and mass retailers.{{cite web|title=Industry Center, Esselte Corporation Company Profile|url=http://biz.yahoo.com/ic/42/42908.html|publisher=Yahoo|access-date=27 June 2014}}
Founded in 1913 in Stockholm, Sweden, Esselte is today owned by American office supplies manufacturer ACCO Brands.
History
Founded in 1913, when 13 Swedish printing and graphic businesses joined forces to create the company {{Lang|sv|Sveriges Litografiska Tryckerier}}—abbreviated SLT—in 1970, the company renamed itself Esselte, reflecting the pronunciation of the abbreviation.{{cite web|title=Esselte|url=http://www.ne.se/esselte|publisher=Nationalencyklopedin|access-date=27 June 2014}} In 1986, Esselte built Filmstaden Downtown in Gothenburg and a cinema complex in Malmö. Two years later Esselte and Svensk Filmindustri (SF) formed a joint cinema company and in 1992 SF became the main owner.Göran Bjelkendal, Göteborgs alla biografer : en resa i 100 år, Göteborg: Landsarkivet i Göteborg, 2009. {{ISBN|978-91-631-4117-1}} In 2002, the Boston, Massachusetts-based US private equity investment firm J. W. Childs Associates purchased Esselte for approximately $560 million in a transaction originated and introduced by Jonathan Slater of Sequel Management, a Boston-based transaction sponsor. At the time of the Esselte acquisition by J. W. Childs, the company was dual listed on the Stockholm and London Stock Exchanges and had revenues in excess of $1 billion.{{cite web |title=History |url=http://corporate.esselte.com/en-US/Company/History/ |url-status=dead |archive-url=https://web.archive.org/web/20140708064828/http://corporate.esselte.com/en-US/Company/History/ |archive-date=8 July 2014 |accessdate=27 June 2014 |publisher=Esselte}}
=Acquisitions=
In 1978, Esselte acquired the Dymo Corporation which grew to revenues of approximately $225 million by 2005 when it was sold to Newell Rubbermaid for approximately $730 million (more than 1.3 times the price J. W. Childs paid for Esselte itself back in 2002).{{cite web |date=2005-10-01 |title=Newell Rubbermaid to acquire label manufacturer Dymo Corp. |url=https://www.cablinginstall.com/home/article/16469165/newell-rubbermaid-to-acquire-label-manufacturer-dymo-corp |access-date=2024-01-13 |website=Cabling Installation & Maintenance}} In 1998, the company acquired Leitz, a leading German manufacturer of office products.{{cite book|last1=Pederson|first1=Jay P|title=International Directory of Company Histories|publisher=St James Press|edition=Vol. 48}} In 2010, Esselte acquired Isaberg Rapid, a leading stapling company based in Sweden,{{cite web|title=Esselte Completes Acquisition of Isaberg Rapid|url=http://www.prweb.com/releases/2010/03/prweb3683384.htm|archive-url=https://web.archive.org/web/20100305230859/http://www.prweb.com/releases/2010/03/prweb3683384.htm|url-status=dead|archive-date=March 5, 2010|publisher=PRWeb|accessdate=27 June 2014}} and Ampad, a leading North American manufacturer of office products.{{cite web|title=Esselte Acquires Ampad|url=https://www.bloomberg.com/apps/news?pid=conewsstory&tkr=ESLT:LN&sid=adA51DoT2Ehk|publisher=Bloomberg News|access-date=27 June 2014}}
References
{{Reflist|30em}}
External links
- {{Official website|http://www.esselte.com/}}
{{Authority control}}
Category:2017 mergers and acquisitions
Category:Manufacturing companies based in Stockholm
Category:Manufacturing companies established in 1913
Category:Office supply companies