Business News

ACCO Brands Completes Sale of Commercial Print Finishing Business to Cosmo Films Limited

Thursday 11. June 2009 - ACCO Brands Corporation (NYSE: ABD), a world leader in select categories of branded office products, today announced that it has completed the sale of its commercial print finishing business to Cosmo Films Limited, a leading manufacturer of BOPP and thermal films based in India. Terms of the transaction were not disclosed.

The commercial print finishing business, with approximately $100 million in revenue, was placed into discontinued operations in the fourth fiscal quarter ended December 31, 2008. ACCO Brands is retaining its digital print finishing business, which serves the on-demand and wide format markets for laminating equipment, supplies, and services. BMO Capital Markets and Vedder Price P.C. were advisors to ACCO Brands for the transaction.