MarketPR
A definitive agreement to acquire Trust, a Netherlands-based designer and marketer of computer and gaming accessories, moved $ACCO into focus Friday. Trust generates approximately $100 million in annual revenue.
ACCO Brands expects the deal to be modestly accretive to adjusted earnings per share within the first 12 months of ownership.
Competition authority approval is the next gate, with closing targeted for late Q3 or early Q4.
The seller is Egeria, a pan-European private equity firm established in 1997 that focuses on mid-sized companies in the Benelux and DACH regions.
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