Cerberus-backed Staples sold businesses in France, Italy and Spain to Raja Group.

Cerberus-backed Staples Solutions, a chain retailer with office supplies, furniture and equipment, sold businesses in France, Italy and Spain to France-based Raja Group, the leading European distributor of packaging throughout Europe. Financial terms were not disclosed. “In 65 years, the Raja Group has developed while remaining faithful since its creation to the entrepreneurial spirit and culture of customer service,” said CEO Danièle Kapel-Marcovici of Raja. “This acquisition is the largest external growth transaction of our group. Our goal is to implement our strategy of being a global business partner to companies and accelerate our growth in Europe. I welcome this new acquisition, which strengthens our position on the European B2B market beyond our strong organic growth.”