August 2, 2006
EPSTEIN SELECTED TO RENOVATE AND EXPAND ACCO BRANDS MANUFACTURING AND
DISTRIBUTION FACILITY IN BOONEVILLE, MISSISSIPPI
ACCO Brands Corporation (NYSE: ABD), a world leader in branded office
products, announced today that it will expand the company's Booneville,
Mississippi manufacturing and distribution facility, creating an
additional 330 jobs and enabling the company to more efficiently
manufacture certain products and serve its customers. When the expansion
is completed in 2008, the facility will become a key distribution center
in the southeast, and the company's principal manufacturing site in
North America for presentation boards sold under the Quartet(r) brand.
The company will also manufacture vinyl binders at the site.
"This is a significant expansion of a strategically important
manufacturing and distribution facility," said Dennis L. Chandler,
president and chief operating officer of ACCO Brands' Office Products
Group. "We will create a state-of-the-art distribution center and a
much-needed presence for distribution in the southeast region of the
country. In addition, we'll benefit from a lower-cost operation, reduced
shipping costs and greater proximity to our customers."
The $55 million project includes three new buildings totaling 570,000
square feet, and major renovations to existing buildings to improve
productivity. Several buildings that no longer meet the company's needs
will be demolished. When the project is complete, ACCO Brands will
occupy 748,000 square feet in total. A. Epstein and Sons International,
Inc. is serving as the architect, full-service engineer and construction
manager for this development.
ACCO Brands currently employs more than 500 people in Booneville.
Following the expansion, the facility will employ about 850 people in
distribution, manufacturing and customer service functions. Two
manufacturing facilities in Illinois and Mexico will close, and some
manufacturing from these facilities will be relocated to Booneville.
"On behalf of the people of Mississippi, I'd like to congratulate ACCO
Brands Corporation for its decision to significantly expand its
Booneville, Mississippi facility," said Mississippi Governor Haley
Barbour. "The state's ability to attract and retain prominent businesses
such as ACCO Brands is a testament to Mississippi's workforce, quality
of life and strategic location in the southeast."
About ACCO Brands Corporation
ACCO Brands Corporation (NYSE: ABD) is a world leader in select
categories of branded office products, with annual revenues of nearly $2
billion. Its industry-leading brands include Day-Timer(r), Swingline(r),
Kensington(r), Quartet(r), GBC(r), Rexel(r), and Wilson Jones(r), among
others. Under the GBC brand, the company is also a leader in the
professional print finishing market.
About A. Epstein and Sons International, Inc.
A. Epstein and Sons International, Inc. was formed in 1921 and provides
architecture, engineering, construction, interior and graphic design
services worldwide. Headquartered in Chicago, the firm maintains offices
in Los Angeles, California; San Antonio, Texas; Warsaw, Poland; Tel
Aviv, Haifa and Beersheba, Israel; Beijing and Shenzhen, China and most
recently Bucharest, Romania. Epstein consistently is ranked tops for its
industrial and manufacturing design and construction work by well-known
industry media including Engineering News Record, Building Design and
Construction and Midwest Construction. Additionally, the firm is
well-known for its industrial, commercial, high-rise residential,
municipal, educational and transportation projects including the current
West Expansion to the McCormick Place Convention Center, New York City's
upcoming expansion of the Jacob Javits Convention Center, Chicago's
recently-completed Hyatt Center office tower and Triumph Foods' Missouri
pork processing plant.
Forward-Looking Statements
This press release contains statements which may constitute
"forward-looking" statements as that term is defined in the Private
Securities Litigation Reform Act of 1995.
These forward-looking statements are subject to certain risks and
uncertainties, are made as of the date hereof and the company assumes no
obligation to update them. ACCO Brands' ability to predict results or
the actual effect of future plans or strategies is inherently uncertain
and actual results may differ from those predicted depending on a
variety of factors, including but not limited to fluctuations in cost
and availability of raw materials; competition within the markets in
which the company operates; the effects of both general and
extraordinary economic, political and social conditions; the dependence
of the company on certain suppliers of manufactured products; the effect
of consolidation in the office products industry; the risk that
businesses that have been combined into the company as a result of the
merger with General Binding Corporation will not be integrated
successfully; the risk that targeted cost savings and synergies from the
aforesaid merger and other previous business combinations may not be
fully realized or take longer to realize than expected; disruption from
business combinations making it more difficult to maintain relationships
with the company's customers, employees or suppliers; foreign exchange
rate fluctuations; the development, introduction and acceptance of new
products; the degree to which higher raw material costs, and freight and
distribution costs, can be passed on to customers through selling price
increases and the effect on sales volumes as a result thereof; increases
in health care, pension and other employee welfare costs; as well as
other risks and uncertainties detailed from time to time in the
company's SEC filings.