The RAJA Group acquires Office Depot. Earlier this week, the RAJA Group announced that it signed an agreement to take over Office Depot Europe. This includes Viking and the Office Depot Europe operating business. In short, the RAJA Group is present in 18 European countries, employing 3,000 people, and generated € 730 million in revenue in 2019. Furthermore, with 1 million customers, 11 warehouses, and 25 entities it is Europe’s leading distributor of packaging. And a major player in the office supplies and furniture market.
The acquisition of Viking and the Office Depot Europe Contract business will support RAJA Group sales growth, customer base expansion, and product diversification. According to the RAJA Group, this acquisition will allow them to strengthen its position. But it also completes its geographical coverage in this strategic market. The transaction is subject to approval by the competition authorities. The finalization of the deal is probably in the fourth quarter of 2021.
As RAJA Group acquires Office Depot, this represents a tremendous strategic opportunity to strengthen our positions in Europe, in particular in these seven countries, where we are already present with our RAJA subsidiaries. It will further expand the Group’s presence and give new impetus to our ambition in the office supplies market. This acquisition perfectly alignes with our strategic vision of becoming a global partner of European companies. From start-ups to major multinationals and will reinforce our partnership with globally known brands. Most important, I am delighted to welcome into our Group the 1,500 new employees with recognized skills and professionalismDanièle Kapel-Marcovici, CEO at RAJA Group
As RAJA Group acquires Office Depot, this represents a tremendous strategic opportunity to strengthen our positions in Europe, in particular in these seven countries, where we are already present with our RAJA subsidiaries. It will further expand the Group’s presence and give new impetus to our ambition in the office supplies market. This acquisition perfectly alignes with our strategic vision of becoming a global partner of European companies. From start-ups to major multinationals and will reinforce our partnership with globally known brands. Most important, I am delighted to welcome into our Group the 1,500 new employees with recognized skills and professionalism
Disclosure: my employer, Icecat, works for the companies named in this release.
Read further: News, acquisition, RAJA Group
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