Office Supplies Blog has recently learnt that Essendant’s industrial business, ORS MEDCO, has now been sold to the private equity firm OEP. A year on from their purchase by Staples, US wholesaler Essendant has taken the decision to sell its… Continue Reading
With the rise of e-commerce, are the giants of the office supplies industry being left in the dust? And has the office supplies battleground now moved online? Over the past five years, the office supplies and business supplies industry has… Continue Reading
In a deal worth close to $1 billion (approx. £760 million), the purchase of office supplies wholesaler Essendant by Staples has now been confirmed. Following on from our previous coverage on the circumstances surrounding the sale of Essendant, both Essendant… Continue Reading
A surprising turn of events in the proposed merger of Essendant and SP Richards has left the takeover bid in doubt, after Staples have stated their intent to enter the fray. After initially taking a 9.9% stake in stocks, office… Continue Reading
After reports of a decline in their full-year sales and profits, US business products wholesaler Essendant are launching a new cost-savings strategy set to save the company $50 million. During a recent earnings press release, Essendant have revealed that their… Continue Reading
The European Commission has approved the £6.3 billion Staples Office Depot merger. The decision comes after the two companies agreed to sell some of Office Depot’s operations to relieve monopoly concerns. Shares of Staples and Office Depot rose sharply following the… Continue Reading