M&A Deal Summary

General Binding Acquires VeloBind

On November 4, 1991, General Binding acquired machinery company VeloBind for 50M USD

Acquisition Highlights

This is General Binding’s 1st transaction in the Machinery sector.
This is General Binding’s largest (disclosed) transaction.
This is General Binding’s 1st transaction in the United States.
This is General Binding’s 1st transaction in California.

M&A Deal Summary
Date	1991-11-04
Target	VeloBind
Sector	Machinery
Buyer(s)	General Binding
Deal Type	Add-on Acquisition
Deal Value	50M USD

Target

VeloBind

Fremont, California, United States

Velo-Bind which manufactures and distributes binding books and documents.

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Buyer(S) 1

Buyer

General Binding

Lincolnshire, Illinois, United States

Category	Company
Founded	1947
Sector	Machinery
Employees	3,600

DESCRIPTION

General Binding makes business machines and related supplies.

DEAL STATS	#
Overall	1 of 1
Sector (Machinery)	1 of 1
Type (Add-on Acquisition)	1 of 1
State (California)	1 of 1
Country (United States)	1 of 1
Year (1991)	1 of 1
Size (of disclosed)	1 of 1