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ACCO Brands Receives Clearance From Competition Authorities For Acquisition Of Esselte

LAKE ZURICH, Ill., Jan. 20, 2017 /PRNewswire/ -- ACCO Brands Corporation (NYSE: ACCO), one of the world's largest designers, marketers and manufacturers of branded business, academic and consumer products, today announced that it has received clearance from the relevant competition authorities related to the pending acquisition of Esselte Group Holdings AB ("Esselte"). The completion of the transaction remains subject to the satisfaction or waiver of certain conditions. The company expects to complete the transaction by early February.

The company also announced that it will release fourth quarter 2016 financial results on Wednesday, February 22, 2017 before the market opens. At 8:30 a.m. Eastern Time the Company will host a conference call to discuss the results. The call will be broadcast live via webcast. The webcast can be accessed through the Investor Relations section of www.accobrands.com. The webcast will be in listen-only mode and will be available for replay for one month following the event.

About ACCO Brands Corporation            

ACCO Brands Corporation is one of the world's largest designers, marketers and manufacturers of branded business, academic and consumer products. Our widely recognized brands include Artline®, AT-A-GLANCE®, Derwent®, Five Star®, GBC®, Hilroy®, Kensington®, Mead®, Quartet®, Rexel®, Swingline®, Tilibra®, Wilson Jones® and many others. Our products are sold in more than 100 countries around the world.

About Esselte

Esselte is a leading global manufacturer and marketer of branded office products serving over 10,000 customers in over 120 countries. Esselte 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.

Forward-Looking Statements

The company's expectation that it will complete the transaction by early February is a "forward-looking statement" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. This forward-looking statement is subject to certain risks and uncertainties and is made as of the date hereof, and we undertake no obligation to update this statement except as may be required by law.

Among the factors that could affect our ability to timely complete the transaction are the risk that material conditions to the closing of the acquisition of Esselte may not be satisfied, and the risk that material conditions to the entry into the Third Amended and Restated Credit Agreement, which is the facility through which we intend to finance the acquisition, may not be satisfied.  The effectiveness of our Third Amended and Restated Credit Agreement is in turn subject to risks and uncertainties, including those described in "Part I, Item 1A. Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2015, in "Part II, Item 1A. Risk Factors" in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2016 and in other reports we file with the SEC.  Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Because actual results may differ from those predicted by such forward-looking statements, you should not place undue reliance on them when deciding whether to buy, sell or hold the Company's securities.

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/acco-brands-receives-clearance-from-competition-authorities-for-acquisition-of-esselte-300394237.html

SOURCE ACCO Brands Corporation

Rich Nelson, Media Relations, (847) 796-4059; Jennifer Rice, Investor Relations, (847) 796-4320