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8/31/06

M&C News: Office Depot expands into Eastern Europe

For the complete report in M&C News click on this link

DEL RAY, FL, United States (UPI) -- Office Depot Inc. said Thursday it bought Papirius s.r.o., a major Eastern Europe business-to-business supplier of office products and services. Papirius, which has annual revenues of more than $56 million and 540 employees, operates in the Czech Republic, Lithuania, Hungary and Slovakia. Product offerings include paper and envelopes, filing components, toner, office furniture, writing instruments, cleaning supplies, refreshments and professional services.

The Florida-based company did not reveal the value of the deal.

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