The $14.4 billion Delray Beach, FL-based Office Depot has announced the acquisition of Allied Office Products, the largest privately held office products company in the U.S. Terms of the deal were not disclosed.
Clifton, NJ-based Allied has annual revenue of more than $300 million and operates 15 sales offices from New York to California. It sells primarily through its roughly 300 account executives and offers online procurement.
“This acquisition accelerates Office Depot’s growth, enhances our competitive position, and extends our industry leading line of products and services,” Office Depot CEO Steve Odland said in a statement. “In particular, Allied’s strength in the Northeast will continue to broaden Office Depot’s presence in this important region, while their ability to meet the diverse needs of legal and medical customers will further our expansion in key vertical markets.”
Allied CEO Howard Brown will remain part of the management team within Office Depot’s North American Business Solutions division, as will his son, Michael, who is currently president of Allied, and other key executives.