Both companies will be integrated into WestRock's corrugated packaging business.
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The transaction values Staples at $6.9 billion.
The acquisition would come a year after a halted merger between Staples and Office Depot Inc.
Ric Phillips, president of the company's industrial division, takes over in interim role.
The new DC officially started operation on March 5.
Company reports loss of $188.6 million for the first quarter.
Profit up 13.2 percent in first quarter.
Industrial segment sales up 0.5 percent for the diversified manufacturer.
Group revenue increased 4 percent at constant exchange rates.
Genuine Parts sales up 5 percent for the quarter.
Company acquires safety businesses ML Kishigo and Neri.
GPC will own 35 percent of Inenco Group.
Essendant CEO says company's industrial business won't rebrand.
Company looks to increase percentage of own brand in sales.
Company adds supply chain solutions company to portfolio.
Company also reports sales Up 14% in 2016.
Fourth-quarter sales down 3.3 percent year-over-year.
Two years ago, Essendant rebranded from United Stationers to align its businesses under one operating platform and better position itself in a crowded marketplace. At the company’s show for suppliers and customers earlier this month in Las Vegas, NV, Bob Aiken, president and CEO, and Keith Dougherty, senior vice president of merchandising, inventory and pricing for office and facilities, spoke with MDM Associate Editor Eric Smith about the company’s recent strategic decisions.
This article includes:
- An overview of Essendant and its offerings
- The company's top goals as it enters foodservice sector
- The company’s refocused brand positioning
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Genuine Parts sales up 3 percent for the year.
Company refocuses brand positioning, expands product categories.
