ACCO Brands to acquire Trust for computer peripherals expansion

ACCO Brands Corp. announced plans to acquire Trust International B.V., a Netherlands-based manufacturer of computer peripherals, for an undisclosed sum.

The acquisition aligns with ACCO Brands' strategy to expand its presence in the computer accessories segment, complementing its existing brands such as Kensington and Rexel. Trust specializes in ergonomic keyboards, mice, and other input devices, with a global customer base in enterprise and consumer markets.

Financial terms of the deal were not disclosed. The transaction is subject to regulatory approvals and is expected to close in the second half of 2024, pending customary closing conditions.

ACCO Brands did not provide additional details on integration plans or potential cost synergies. The company has not specified whether Trust's operations will be retained under its current structure or rebranded.

Trust’s CEO, [Redacted], stated the acquisition would enable accelerated growth in key markets, though no specific revenue figures were cited. ACCO Brands’ shares were [Redacted] in pre-market trading, reflecting limited immediate market reaction to the announcement.

The deal follows ACCO Brands’ recent acquisitions in the office and education supplies sector, reinforcing its focus on diversifying revenue streams beyond traditional paper-based products.