Office Depot Divests China OperationsJune 2, 2017
Office Depot, Inc. has sold its operations in China to Shanghai M&G Stationery, Inc.
The deal is part of Office Depot’s overall strategic initiative to strengthen its presence in the North American market. The company divested its Australian operations earlier this year. Financial terms of the deal were not disclosed, OPI reports.
About Office Depot
Founded in 1986, Office Depot, Inc. is a Boca Raton, FL-based global distributor of workplace products and office supplies. For more information, visit www.officedepot.com.