Platinum Equity Completes Acquisition of OfficeMax Business
| 07 February, 2018
Platinum Equity has announced it has completed the acquisition of the OfficeMax business in Australia from Office Depot. Financial terms were not disclosed.
Platinum Equity also confirmed that over time it intends to bring together the OfficeMax business in Australia with Winc Australia, the former Staples business that Platinum Equity acquired in April 2017 and subsequently rebranded.
“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 Adam Cooper, principal at Platinum Equity. “We will bring together the best of both companies, creating an innovative enterprise under the Winc brand.”
Winc CEO Darren Fullerton said 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,” said Mr. Fullerton. “This represents another important step in the transformation and growth of our business.”
Platinum Equity’s proposed acquisition of the OfficeMax business in New Zealand is still pending, subject to approval by the New Zealand High Court.