GOVERNOR BARBBOUR ANNOUNCES EXPANSION OF ACCO BRANDS IN BOONEVILLE
$55 Million Project Adds 330 New Jobs in Prentiss County
(Boonville, Miss.) – Governor Haley Barbour joined company officials here Wednesday for the official announcement that ACCO Brands Corporation (NYSE:ABD), a world leader in branded office products, will expand its Booneville manufacturing and distribution facility.
The expansion at the northeast Mississippi plant will create an additional 330 jobs and enable 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 brand. The company will also manufacture vinyl binders at the site.
“On behalf of the people of Mississippi, I congratulate ACCO Brands Corporation for its decision to significantly expand its Booneville facility,” Governor Barbour said. “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.”
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. ACCO Brands currently employs more than 500 people in Booneville.
“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.”
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.
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, Swingline, Kensington, Quartet, GBC, Rexel, and Wilson Jones, among others. Under the GBC brand, the company is also a leader in the professional print finishing market.