Platinum to acquire OfficeMax
| 19 April, 2017
Platinum Equity has signed a definitive agreement to acquire the OfficeMax business in Australia and New Zealand from Office Depot.
The transaction is subject to regulatory approval in each country and is expected to close within the next several months. Financial terms were not disclosed.
Platinum recently acquired the Australian and New Zealand unit of Staples.
“We are pleased to provide Office Depot a divestiture solution that meets the company’s needs,” said Adam Cooper, principal at Platinum Equity. “We look forward to working with the OfficeMax management team to continue improving the company’s offering, enhancing the customer experience and driving sustainable growth.”
Platinum Equity is a global private equity firm with a highly specialized focus on business operations and more than 20 years’ experience acquiring and operating businesses that have been part of large corporate entities.