Esselte

The Esselte Group, with headquarters in the U.S. Stamford, Connecticut, is a leading manufacturer of office products with annual sales of about 1.2 billion U.S. dollar company with operations in 27 countries. The company employs approximately 5,000 people worldwide. Esselte sells more than 30,000 different office supplies in more than 120 countries. The main brands are Esselte, Leitz, Oxford, Pendaflex, Rapid and Xyron.

History

1913, 13 independent Swedish companies in the graphic area to SLT ( Sveriges Litografiska Tryckerier ) joined together. Through numerous acquisitions, the company grew and was soon offering products based on the material on paper. In the 60s, SLT consisted of a number of business areas have become unmanageable, so you start 1964 with a drastic restructuring. Similar divisions were merged and unprofitable company sells.

On August 1, 1970, the group changed its name to Esselte ( eSeLTe ) and begins to focus on office products. A first step in this direction was the acquisition of Benson's International Systems Ltd, the world's largest producer of ring binders. Other purchases followed in the next few years: in 1976 the Oxford Pendaflex Corp.. ( an American manufacturer of hanging file systems ), 1978 DYMO Industries Inc. ( manufacturer of stamping equipment and price labeling systems ) and 1998 Germany's largest manufacturers of products for the office supplies, Leitz.

In 2002, the U.S. private equity investment company acquires JW Childs 97 % of the voting shares of Esselte AG. 2005 sold the Esselte DYMO labeling company to Newell Rubbermaid, a global marketer of consumer and commercial products, for approximately $ 730 million. With the income from the sale Esselte wanted to eliminate debt and focus more on the areas of planning systems, office supplies and Art Crafts Supplies.