India, Aug. 14 -- Friday, ACCO Brands Corporation (ACCO) announced an agreement to acquire Trust, a European provider of computer and gaming accessories, from Egeria, a pan-European investment firm. The financial details of the deal were not disclosed.
The company expects the acquisition to shift its product and brand portfolio toward higher-growth technology peripherals.
ACCO projects to realize cost synergies of approximately $5 to $8 million within 18 months after closing.
The deal will be funded through borrowings under ACCO Brands' revolving credit facility, with limited impact to pro forma leverage.
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The acquisition is scheduled to be close in lat...