Announced
Completed
Financials
Tags
Specialty Retailers
Denmark
Private Equity
Single Bidder
Majority
Germany
Friendly
Sweden
Austria
Acquisition
Private
workplace products
Cross Border
Completed
Synopsis
Lyreco, a distributor of workplace products and solutions in Europe, completed the acquisition of European business units from Ceberus-backed Staples Solutions, a provider of a range of stationery & office products. The intended sale is subject to the completion of certain employee consultation and regulatory procedures. Financial terms were not disclosed. "Staples Solutions has been on a remarkable journey after separating from its US parent more than four years ago. We put the customer at the core of our decision-making, we broadened our workspace solutions, we localized and simplified our operations; returning to profitability at the end of last year. We have become a better business, and reached a natural point in our journey for this transaction," Dolph Westerbos, Staples Solutions CEO.
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