Esselte last week announced it had reached an agreement to buy Isaberg Rapid, the stapling company. Isaberg Rapid, based in Sweden, develops, manufactures and markets staplers, pliers, stapling tools, glue guns and electric insert staplers for leading manufacturers of copying machines and printers. The acquisition is expected to be completed in the first quarter of 2010, subject to conditions and regulatory approvals.
“This is an exciting milestone for our company, and we look forward to continuing our global expansion in office products and entering the tools marketplace” said Gary Brooks, Chief Executive Officer of Esselte. “We look forward to working with the Isaberg Rapid team and our customers in order to ensure a seamless transition into one progressive business.”