Sycamore Partners Affiliate Acquires Essendant
| 31 January, 2019
Staples has announced that an affiliate of Sycamore Partners has acquired wholesaler Essendant .
Staples, another Sycamore portfolio company says it will work together with Essendant to give reseller customers access to an expanded product assortment, innovative technology and world-class supply chain capabilities and support. Essendant and Staples sales teams will continue to operate separately.
"Staples views the reseller community as partners in serving customers that will allow us all to be successful," said Sandy Douglas, Chief Executive Officer, Staples, Inc. "We value the relationships the resellers have built with Essendant and look forward to helping them build on their already impressive success. Weve created a strong, externally monitored firewall, to protect resellers confidential information, as required by the FTC, and also as a sign of trust, because we know its the best thing for the Essendant business, and the resellers."