Lyreco acquires Office Depot’s Spanish portfolio
July 24, 2020
Office Depot Europe, a portfolio company of AURELIUS Equity Opportunities SE & Co. KGaA has agreed to sell its Spanish contract business unit to Lyreco, a provider of office supplies headquartered in Marly, France.
The contract business unit ranks among the leading players in the Spanish market, serving small, medium and large international and national blue-chip companies from various industries.
The sale comes after a successful realignment of the Spanish contract business since the group was acquired by AURELIUS in January 2017. Over the last three years, the assortment was expanded away from what was a stationary focus to end-to-end workspace solutions and product offerings including furniture key turn projects and managed print services.
Lyreco said it will integrate this business with its existing Spanish presence and continue to develop the business.
Lyreco took ot Linked in to greet its new colleagues and said: “We are pleased to announce that Lyreco has acquired the Office Depot contract sales operations in Spain!
“Joining the force and expertise of Office Depot and Lyreco sales and customer service teams in Spain will support our mission: to be pioneers in delivering sustainably what any workplace needs so its people can focus on what matters most.
“We wish our new colleagues and customers a warm welcome – and a Great Working Day with Lyreco!”
The sale of the Spanish contract business unit is part of the ongoing transformation of Office Depot Europe, AURELIUS said. It is the third exit of an Office Depot business to complete in the past nine months. Office Depot Europe sold its Central Eastern European business in November 2019 and its Nordic division in May 2020. The exit of Office Depot’s Spanish contract business follows the same strategic rationale, freeing resources to allow Office Depot Europe to focus on its core European ecommerce centric business activities.
Categories : City News
