August 21, 2007 / 8:14 PM / 12 years ago

Acco Brands to divest its label and tag unit

Aug 21 (Reuters) - Office supply products maker Acco Brands Corp ABD.N said it agreed to divest its MACO label and tag business to Chartpak Inc of Leeds, Massachusetts.

Terms of the transaction, which is scheduled to close early in the fourth quarter of 2007, were not disclosed.

The MACO business generated about $15 million in net revenue in 2006, the company said in a statement. (Reporting by Neetha Mahadevan in Bangalore)

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