ACCO and The Central Coast of California strike a deal
Announced in June 2019, ACCO Engineered Systems (ACCO) revealed that it has acquired the construction and facility service markets of the Central Coast of California, while also absorbing Smith Electric Service as a subsidiary. After an extended period of being interested, ACCO now benefits from an expansion of resources and potential capabilities, which will complement its Northern and Southern California business activities. At the end of Smith Electric Service, the company will benefit from ACCO's presence in the Western United States.
New ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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