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Staples Solutions Signs Agreement to sell Italian, French and Spanish business units to RAJA, S. A.


Amsterdam, Netherlands – 26th July 2019 – Staples Solutions B.V. today announces that it has entered into an agreement with leading European distributor of packaging supplies and equipment for businesses RAJA, S.A., to purchase Staples Solutions’ business units in France, Italy, and Spain. Staples Solutions’ acceptance of the binding offer is subject to completion of certain employee representatives consultation and regulatory procedures. 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 business-to-business (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,” states Dolph Westerbos, Chief Executive Officer at Staples Solutions.

“Focusing on one core business model allows us to build a more robust company. The intended transaction will provide us with greater flexibility to pursue opportunities in the B2B space – ultimately helping our customers accomplish more,” adds Westerbos.

“This intended acquisition of four leading companies represents a major opportunity for the RAJA Group. With the significant increase of our total product offering, it will accelerate the implementation of our strategy to become a global supplier for our customers, from small businesses to large international corporations. This intended transaction will strengthen our leading position and complement our strong organic growth," states Danièle Kapel-Marcovici, President and Chief Executive Officer of the RAJA Group.

Following the intended transaction, which is expected to close in October 2019, Staples Solutions will continue to create the best workspace solutions for our business customers in 12 countries, including a strong presence in Central and Northern Europe.

About Staples Solutions
Staples Solutions is the leading provider of workplace products, services, and solutions to small, mid-sized, and large businesses in Europe. Through our integrated offering, Staples Solutions is the partner of choice to meet the diverse needs of the workplace of today and tomorrow. You can learn more about Staples Solutions at www.staples.eu.

About Raja Group
The RAJA Group is the N°1 distributor of packaging, supplies and equipment for businesses in Europe. Present in 18 countries through its 21 companies, RAJA offers the largest selection of packaging products in Europe, as well as a comprehensive range of products for handling, storage, workshop equipment, maintenance, janitorial supplies, safety and security products, office supplies and furniture, as well as equipment and supplies for retail stores. In 2018, the Group reached a turnover of €631 million with more than 1,900 employees.

Media Contact:
Berkeley Communications
Charlotte Marshall
StaplesPR@berkeleypr.com
+44 (0) 1189 090 909