Office Depot Acquires Allied Office Products
Office Depot has bought Allied Office Products, a large independent dealer of office products and services to businesses, Delray Beach, FL-based Office Depot said.
Financial terms of the deal, which was announced yesterday, were not disclosed.
Privately held Allied has annual revenues of more than $300 million. The company operates sales offices from New York to California, with a strong concentration in the Northeast. Allied's offerings include office supplies, break room and coffee services, janitorial supplies, computer products, custom printing, managed print services, promotional items, office furniture and design.
"Allied's strength in the Northeast will continue to broaden Office Depot's presence in this important region, while their ability to meet the diverse needs of legal and medical customers will further our expansion in key vertical markets," Office Depot's chairman/CEO Steve Odland said in a statement.
Howard Brown, who currently serves as president of Allied Office Products, and other key executives, will continue as part of the management team within Office Depot's North American Business Solutions Division.