|Staples, Inc. Completes Purchase of Globus Office World plc In The United Kingdom|
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Aug. 5, 2004--Staples, Inc. (Nasdaq: SPLS) announced today its completed purchase of the United Kingdom office products company Globus Office World plc from the Swiss-based Globus-Group (Magazine zum Globus) for 32.5 million pounds. Based outside of London, Globus Office World plc operates 59 stores.
"With this acquisition Staples gains great retail locations, a strong customer base, a terrific management team and skilled associates--all important to Staples' growth in the UK," said Theo Van Brandenburg, President, Staples European Retail. "Staples can now provide customers throughout the UK even better convenience with excellent service."
The completed purchase, which follows the Office of Fair Trading's review of the transaction, adds 59 stores to the 95 Staples stores currently in the United Kingdom for a total of 154 Staples stores in the UK. Staples European Retail operation now operates 265 stores in the UK, Germany, the Netherlands, Portugal and Belgium. This includes 54 Staples stores in Germany, 40 Office Centre stores in the Netherlands, 15 Office Centre stores in Portugal and two Office Centre stores in Belgium. Staples European Catalogue is comprised of Staples mail order catalogue and e-commerce sites delivering office products to small businesses in Europe. This business operates as Staples in Germany, Staples and Neat Ideas in the United Kingdom, JPG and Bernard in France and Belgium, MondOffice in Italy, Kalamazoo in Spain and Kontrorslagret in Sweden.
Staples, Inc. invented the office superstore concept in 1986 and today is the world's largest office products retailer. With 60,000 talented associates, the company is committed to making it easy to buy a wide range of office products, including supplies, technology, furniture, and business services. With 2003 sales of $13 billion, Staples serves consumers and businesses ranging from home-based businesses to Fortune 500 companies in the US, Belgium, Canada, France, Germany, Italy, the Netherlands, Portugal, Spain, Sweden, and the United Kingdom. Headquartered outside of Boston, Staples operates approximately 1,600 office superstores and also serves its customers through mail order catalog, e-commerce and contract businesses. More information is available at www.staples.com http://www.staples.com.
CONTACT: Staples, Inc.