Need Help? (888) 742-5060

In The News:

Essendant’s Q3 Sales Down 1.2%

Essendant Inc. (NASDAQ: ESND), Deerfield, IL, reported third-quarter sales of $1.3 billion, down 1.2 percent compared to the prior-year period. The company reported a net loss of $4.5 million for the quarter.

Essendant said it expects its proposed merger with Staples, Inc. to close during the fourth quarter. The companies announced the merger agreement on September 14, noting that Staples will purchase all outstanding shares of Essendant’s common stock for $12.80 per share.

“We continue to expect the Staples transaction to close in the fourth quarter of this year and are confident in the clear benefits the transaction will enable us to deliver to our customers and the definitive value it provides our shareholders,” Essendant’s President and CEO Rick Phillips said in a statement.


© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>

MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center