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.
