Esselte Leitz GmbH & Co. KG is Germany's leading manufacturer of premium binders and other products for filing and archiving documents. The Leitz Ordner - the "Mercedes" of loose leaf binders which on average costs two and a half times as much as other binders - has a market share of about 40 percent in Germany. Roughly two out of three hole punches in Germany are made by Leitz, as well as one quarter of all report covers. The company also makes tab organizers, file folders, staplers, letter trays, filing systems, binding and laminating machines and supplies, and offers electronic archive system software. The Stuttgart-based company with an over 125-year-long tradition was acquired by Swedish office supplies maker Esselte in 1998. An essential part of Esselte's business strategy, the company markets the Leitz brand all over Europe.