FOR IMMEDIATE RELEASE
October 27, 2006
ACCO BRANDS BREAKS GROUND FOR EXPANSION IN BOONEVILLE
(Jackson, Mississippi) – Governor Haley Barbour and other officials are scheduled to break ground on Monday for ACCO Brands Corporation’s 570,000-square foot expansion at the company’s facility in Booneville, an expansion that will add more than 300 new jobs and enhance efficiencies.
“ACCO Brands has demonstrated continued confidence in the Mississippi business climate with the announcement last August that it will expand the facility in Prentiss County,” Governor Barbour said. “This expansion is an example of how our Momentum Mississippi initiative is working to help Mississippi companies to expand employment opportunities. We welcome the more than 300 new jobs and the innovative partnerships made possible under the state’s economic development programs.”
The event, which begins at 2:30 p.m. at the ACCO facility (300 Quartet Avenue, Booneville, Miss.), will also include Dennis Chandler, president and chief operating officer of ACCO Brands’ Office Products Group, Mayor Roger Smith, of Booneville, and Glen Green, president of the Prentiss County Board of Supervisors.
The $55 million project includes three new buildings totaling 570,000 square feet, and major renovations to existing buildings to improve productivity. When the project is complete, ACCO Brands will occupy 748,000 square feet in total.
The company currently employs more than 500 people in Booneville. That number will grow to approximately 850 employees working in distribution, manufacturing and customer service functions when the expansion is completed in 2008.
ACCO Brands cited lower operating costs, reduced shipping costs and greater proximity to customers among the reasons for choosing Mississippi for this major, state-of-the-art expansion. In addition, ACCO officials acknowledged at the announcement that Governor Barbour’s continued persistence and involvement in the project was a major factor in the decision. The company will close two manufacturing facilities in Illinois and Mexico, relocating some manufacturing to the expanded Booneville facility.
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.
About Mississippi Development Authority
Mississippi Development Authority is the State of Mississippi’s lead economic and community development agency. Nearly 300 employees are engaged in providing services to businesses, communities and workers in the state. While the agency is best known for its efforts to recruit new businesses to Mississippi, the Authority provides services to promote tourism, help communities improve their quality of place, help existing employers identify and meet opportunities and challenges and help workers improve their skills – all with the goal of improving the quality of life and economic well-being of Mississippians. For more information, visit MDA’s website at www.mississippi.org.