Lyreco completed the acquisition of European business units from Ceberus-backed Staples Solutions.

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.