ACCO Brands to Acquire Trust for $57M, Adding $100M in Annual Revenue
ACCO sits 54% above its 52-week low of $2.811.
Summary
ACCO Brands announced a definitive agreement to acquire Trust, a European computer and gaming accessories provider, for approximately $57 million. The deal adds about $100 million in annual revenue and is expected to be modestly accretive to adjusted EPS in the first 12 months.
Key Events · M&A and Partnerships · ACCO
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Acquisition of Trust Announced
ACCO Brands entered into a definitive agreement to acquire GXT Holding B.V. (Trust), a pan-European provider of computer and gaming accessories, for approximately $57 million.
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Revenue and Synergy Impact
Trust generates approximately $100 million in annual revenue. ACCO expects cost synergies of $5 to $8 million within 18 months after closing, and the deal is expected to be modestly accretive to adjusted EPS in the first 12 months.
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Strategic Portfolio Expansion
The acquisition extends ACCO's Kensington, PowerA, and EPOS technology peripherals portfolio, bringing pro forma annual sales in technology peripherals to approximately $500 million.
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Financing and Leverage
The transaction will be financed through borrowings under ACCO Brands' revolving credit facility, with limited impact on pro forma leverage.
Analysis · ACCO · Manufacturing
ACCO Brands is acquiring Trust, a European computer and gaming accessories provider, for approximately $57 million. Trust generates about $100 million in annual revenue and is expected to be modestly accretive to adjusted EPS in the first 12 months. The deal accelerates ACCO's pivot toward higher-growth technology peripherals, with pro forma annual sales in that category approaching $500 million. Financing will come from the revolving credit facility, with limited impact on pro forma leverage. The transaction is expected to close in late Q3 or early Q4 2026, subject to regulatory approvals.
At the time of this filing, ACCO was trading at $4.32 on NYSE in the Manufacturing sector, with a market capitalization of approximately $398.8M. The 52-week trading range was $2.81 to $4.56. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.