Menu
Staples A/NZ buyer snaps up OfficeMax Australia in merger move

Staples A/NZ buyer snaps up OfficeMax Australia in merger move

The equity firm intends to merge the OfficeMax business in Australia with Winc Australia

The buyer of Stapes’ operations in Australia and New Zealand (A/NZ) has completed its acquisition of Office Depot’s OfficeMax business in Australia, revealing plans to merge the two businesses.

US-based private equity investment firm, Platinum Equity, struck a deal to acquire Staples’ trans-Tasman operations in March last year, subsequently rebranding the business as Winc.

In April 2017, Platinum Equity moved its local office retail play up a gear, inking a deal to acquire Office Depot’s OfficeMax business in both countries.

After being scrutinised by the Australian competition watchdog for several months, and despite Government approval being given for a subsequent competing acquisition bid for OfficeMax by Australia’s own Complete Office Supplies, Platinum Equity’s takeover bid was ultimately given the green light.

Now, the private equity firm has confirmed that, over time it, intends to bring together the OfficeMax business in Australia with Winc Australia, the former Staples business.

“The combination of Winc and OfficeMax in Australia will create a business that can offer greater value, more choice and a better customer experience,” said Platinum Equity principal, Adam Cooper.

“We will bring together the best of both companies, creating an innovative enterprise under the Winc brand,” he said.

According to Winc CEO, Darren Fullerton, teams from Winc, OfficeMax and Platinum Equity will work together to ensure a “seamless transition”.

“I am excited about the opportunity to leverage the strengths of both businesses and create something that is truly greater than the sum of our parts,” Fullerton said. “This represents another important step in the transformation and growth of our business.”

Meanwhile, Platinum Equity’s proposed acquisition of the OfficeMax business in New Zealand is still pending, subject to approval by the New Zealand High Court.

Financial terms of the deal have not been disclosed.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags StaplesOfficeMaxPlatinum EquityWinc

Events

EDGE 2024

Register your interest now for EDGE 2024!

Featured

Slideshows

How MSPs can capitalise on integrating AI into existing services

How MSPs can capitalise on integrating AI into existing services

​Given the pace of change, scale of digitalisation and evolution of generative AI, partners must get ahead of the trends to capture the best use of innovative AI solutions to develop new service opportunities. For MSPs, integrating AI capabilities into existing service portfolios can unlock enhancements in key areas including managed hosting, cloud computing and data centre management. This exclusive Reseller News roundtable in association with rhipe, a Crayon company and VMware, focused on how partners can integrate generative AI solutions into existing service offerings and unlocking new revenue streams.

How MSPs can capitalise on integrating AI into existing services
Access4 holds inaugural A/NZ Annual Conference

Access4 holds inaugural A/NZ Annual Conference

​Access4 held its inaugural Annual Conference in Port Douglass, Queensland, for Australia and New Zealand from 9-11 October, hosting partners from across the region with presentations on Access4 product updates, its 2023 Partner of the Year awards and more.

Access4 holds inaugural A/NZ Annual Conference
Show Comments