Staples Divests European BusinessesJuly 29, 2019
The deal includes Staples’ Italy-based Mondoffice and its Spain-based Kalamazoo office supply brands, OPI reports. Also included are the company’s JPG furniture brand and its Bernard jansan supply division, both of which are based in France.
Financial terms of the transaction, which is expected to close by October pending regulatory approval, were not disclosed.
Founded in 1986, Boston, MA-based Staples, Inc. is a leading office-products company with annual sales of US$25 billion and more than 90,000 employees in 26 countries. For more information, visit www.staples.com.