The Office Times

Staedtler invests in South America

German writing instruments manufacturer Staedtler has acquired a majority stake in the Peruvian school and office equipment manufacturer Artesco.

Axel Marx, spokesman from Staedtler, commented that the joint venture is a major win for Staedtler and gives the company a much stronger position in the Latin American market.

He added that Artesco, which was established over 40 years ago, complements the Staedtler brand perfectly.

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