Acco World Corp

American Brands Inc. said Monday that it will pay $602 million in cash for Acco World Corp., a move that will almost double the office products revenue of the diversified packaged consumer goods company. It is the second major acquisition by American Brands in two months. In April, the Old Greenwich, Conn.-based company acquired the distilled spirits business of National Distillers & Chemical Corp. for $545 million.

American Brands Inc. said Monday that it will pay $602 million in cash for Acco World Corp., a move that will almost double the office products revenue of the diversified packaged consumer goods company. It is the second major acquisition by American Brands in two months. In April, the Old Greenwich, Conn.-based company acquired the distilled spirits business of National Distillers & Chemical Corp. for $545 million.

Consumer products company Fortune Brands Inc. said that it is exploring the possibility of selling its Acco World Corp. office products unit, among other options. The company said it has retained Goldman Sachs to assist in evaluating options for Acco. Fortune Brands' products include the world's No. 1 bourbon, Jim Beam, Titleist golf balls, Moen faucets and Master Lock padlocks.