Tuesday, August 6, 2019
ACCO Brands (ACCO)
What Will New Acquisition Mean?
ACCO Brands Corporation designs, manufactures, sources, markets, and sells office products, academic supplies, and calendar products primarily in the United States, Canada, Northern Europe, Brazil, Australia, and Mexico. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International.
Joe Gomes, Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Acquires Industria Grafica Foroni. Yesterday, ACCO announced the acquisition of Industria Grafica Foroni Ltda. (Foroni), a leading provider of notebooks and paper-based school and office products in Brazil. For nearly 100 years, Foroni has manufactured and marketed a broad portfolio of market-leading school and office supply products.
- Deal Terms. ACCO paid $57 million in cash for the purchase. The deal was funded with cash and debt. The estimated full year incremental sales contribution to ACCO is…
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