Melville, NY (PRWEB) June 8, 2010
Esselte announced today that it has acquired Ampad, a leading North American manufacturer of nationally branded and private label office and stationery products. Ampad, which has its headquarters in Richardson, Texas develops, manufactures and markets innovative and high quality products in four major categories of writing, filing, envelopes and designer paper.
Ampad is a strategic addition to Esselte’s branded office products business and an expansion for Esselte into the writing and envelope product categories. The acquisition is part of Esselte’s strategy to strengthen its core categories and expand its market and global reach.
“This is an exciting opportunity for our company, as we continue our global expansion in office products” said Gary Brooks, Chief Executive Officer of Esselte. “We look forward to working with the Ampad team and our customers in order to ensure a seamless transition into one progressive business.”
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® , Leitz®, and Rapid® brands and in North America primarily under the Pendaflex®, Oxford®, Xyron®, Rapid® and Ampad® brands.