Melville, NY (PRWEB) March 4, 2010
Esselte announced today that it has completed its previously announced acquisition of Isaberg Rapid, one of the world’s leading companies within the stapling business. Isaberg Rapid, which has its headquarters in Hestra, Sweden, develops, manufactures and markets staplers, pliers, stapling tools, glue guns and electric insert staplers for leading manufacturers of copying machines and printers.
Isaberg Rapid is a strategic addition to Esselte’s branded office products business and an expansion for Esselte into the tools sector and professional retail markets. The acquisition is part of Esselte’s strategy to strengthen its core categories and expand its market and global reach.
“We are very pleased to have completed this transaction,” said Gary Brooks, Chief Executive Officer of Esselte. “We look forward to a quick and smooth integration of Isaberg Rapid into Esselte and to moving forward into 2010 as one new progressive business.”
About Esselte: The Esselte Group is one of the world’s premier manufacturers of organizational solutions. Esselte is a $1 billion office products company with subsidiaries in 31 countries and distribution in more than 120 countries. The company’s products are sold in Europe primarily under the Esselte® and Leitz® brands and in North America primarily under the Pendaflex®, Oxford® and Leitz® brands.