ACCO Brands Corporation To Acquire GOBA Internacional
| 14 June, 2018
ACCO Brands has signed a definitive agreement to acquire GOBA Internaciona, a leading provider of school and craft products in Mexico, for a cash purchase price of approximately US$31 million.
The estimated full-year incremental sales contribution to ACCO Brands would be approximately US$41 million and would raise total annual sales of the company's business in Mexico to approximately US$90 million.
"We are very excited to increase our presence in faster-growing consumer and school product segments with the addition of strong brands such as Barrilito," said Boris Elisman, Chairman, President and Chief Executive Officer of ACCO Brands. "These brands and products increase our penetration with wholesalers and retailers throughout Mexico and complement our existing distribution in the country."