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Staples Solutions sells business units

Staples Solutions B.V. has entered into an agreement with RAJA, S.A., a leading European distributor of packaging supplies and equipment for businesses to purchase Staples Solutions’ business units in France, Italy, and Spain. The businesses in question, which have a combined turnover of €320 million, operate under the brands JPG, Bernard, MondOffice and Kalamazoo.

“The intended transaction reinforces our focus on growing our core B2B contracts business, serving mid-size to large enterprise customers as well as public institutions. Our businesses in France, Italy and Spain are strong catalogue and online businesses. RAJA is a very strong strategic partner for our Southern business, with deep expertise in multichannel strategy towards all types of customer segments and activities, as well as a very complementary product offering. We believe that the intended transaction is in the best interest of Staples Solutions, our customers, our employees, and our partners,” said Chief Executive Officer Dolph Westerbos.