Organisational Structure of Esselte -
February 4th, 2011
Esselte is privately held company headquartered in Stamford, Connecticut, USA. It is a holding company, specializing in office products. It owns several companies, including Pendaflex, Leitz, Oxford, Xyron, Rapid, and an operating company also called Esselte
The name Esselte is derived from the original thirteen graphics companies in Sweden that joined together in 1913 to form SLT (Sveriges Litografiska Tryckerier), later renamed Esselte (reflecting the pronunciation of the abbreviation).
In November 2005, Esselte sold Dymo to Newell Rubbermaid, for $730 Million USD
In December 2005, Gary J. Brooks was named President and CEO of Esselte
In March 2010, Esselte acquired Isaberg Rapid AB, Sweden. One of the world's leading companies in stapling.
In July 2010, Esselte acquired Ampad, manufacturer of branded and private label office and stationery products.
Across Western countries, “striking variation in financial systems directly points differing central banking practices”. For United States (US) and United Kingdom (UK), financial markets are very important instruments for allocation of resources. In Continental European countries, banks played important roles but financial markets are less developed. In Germany, banks are among the common and largest shareholders. Such differences are explained by the “evolution of industrial structures and extent of government involvement”. The US regulatory structure, for example, was characterized by “government-sponsored deposit insurance system, separation of banking functions and entry barriers that includes limitations on inter- and intra-state branching”. “The Banking Act of 1933 or the Glass-Steagall Act” provided the financial guarantee for over forty years for US. However, the act became “unstable” because of the series of unexpected events such as “advances in information technology, circumvention or regulation and efforts to acquire competitive advantages
Last edited by netrashetty; February 4th, 2011 at 11:09 AM..