ACCO Brands is acquiring Trust, a European computer and gaming accessories provider, to accelerate its pivot towards higher-growth technology peripherals. This acquisition is expected to add $100 million in annual revenue, be modestly accretive to EPS, and generate $5-$8 million in cost synergies, significantly expanding ACCO's tech accessories portfolio.
ACCO Brands announced its definitive agreement to acquire Trust, a European computer and gaming accessories provider. This acquisition is significant as it accelerates ACCO's strategic shift towards higher-growth technology peripherals, a segment that will now generate approximately $500 million in annual sales on a pro forma basis. The deal is expected to be modestly accretive to adjusted EPS within the first 12 months and generate $5-$8 million in cost synergies, indicating a positive financial impact for ACCO. This move strengthens ACCO's market position in a growing sector, potentially leading to long-term revenue growth and improved profitability, while also expanding its geographic reach in Europe and Latin America. For traders, this presents an opportunity to evaluate ACCO's growth trajectory and potential for increased shareholder value.