Office Depot Makes Offer for French Office Supply Business

Share this content:
Office Depot Inc., Delray Beach, FL, has made an 815 million euro offer for the contract sales business of Guilbert S.A. from Pinault-Printemps-Redoute Group.


Guilbert S.A. is one of the largest contract stationers in Europe. Based in Senlis, France, it has nearly 5,700 employees and operates in Belgium, France, Germany, Ireland, Italy, the Netherlands, Portugal, Spain and the United Kingdom.


The deal is expected to help Office Depot attract larger businesses in the UK, Ireland, France, Germany, Italy and the Netherlands, chairman/CEO Bruce Nelson said in a statement. He added that the transaction also is to provide entry into the contract channel in Belgium, Portugal and Spain, where the company has existing Viking catalog operations.


The purchase price is subject to an upward adjustment of 40 million euros, payable only if Office Depot's stock achieves a specific performance level within 18 months after the closing.


Office Depot, which announced the offer yesterday, hopes to complete the transaction by late spring.


Loading links....

Sign up to our newsletters

Company of the Week

Since 1985, Melissa Data has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa Data offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here