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Monday, October 24 2016 6:22pm ET - U.S. Markets Closed.
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Today's Top Performing Industry
Office Supplies
Composite Value: 944.9
Today's Change: +4.43%
S&P 500: +0.47%
chart for
[Office Supplies (^YHOh734)]
ACCO Brands Corporation To Acquire Esselte Group Holdings AB
Mon 6:45 am ET (PR Newswire)
LAKE ZURICH, Ill., Oct. 24, 2016 /PRNewswire/ -- ACCO Brands Corporation (ACCO), one of the world's largest designers, marketers and manufacturers of branded business, academic and consumer products, today announced that it has signed a definitive agreement to acquire Esselte Group Holdings AB ("Esselte"), a leading European office products company, from private equity firm J.W. Childs for $333 million in cash.1 Esselte's 2015 sales were $458 million with adjusted EBITDA of $60 million.1 ACCO Brands plans to combine Esselte with its existing European operations, creating a pan-European leader in branded business products. Esselte is a leading European manufacturer and marketer of office and consumer products. It takes products to market under the Leitz, Rapid and Esselte brands in the storage and organization, stapling and punch, business machines and do-it-yourself tools product categories. Through its combination with Esselte, ACCO Brands increases its scale and enhances its position as an industry leader in the European marketplace.
Today's Industry Highlights
Top Performing Industries% Change
Office Supplies +4.43%
Nonmetallic Mineral Mining +2.52%
Internet Service Providers +2.12%
Computer Peripherals +1.68%
Security Software & Services +1.64%
View Leaders & Laggards...
Worst Performing Industries % Change
Photographic Equipment & Supplies -4.37%
Publishing - Books -0.97%
Telecom Services - Domestic -0.67%
Water Utilities -0.64%
Advertising Agencies -0.62%
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