Staples Advantage

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Staples Business Advantage is the contract division of Staples Inc., which provides office products, technology products, facility supplies and glassware for businesses and institutions. Founded in 1993 as Staples and Commercial Contracts, the division was renamed to Staples National Advantage and Staples Business Advantage in 1995. In 2008, Staples acquired Corporate Express (formerly known as Buhrmann ), extending its contract offerings to the global market. In 2009, the division was renamed to Staples Advantage.

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History

Barker Office Supply

Staples Business Advantage can trace its history back to 1871. Samuel Barker, Jr., who had lied about his age so he could fight in the Civil War (Regiment 37 Wisconsin), then went to Cleveland in 1865 with 35 cents in his pocket. There he peddled paper, and in 1871 started the printing business. His business was quite successful and still existed in the family a century later.

He opened his business with two small pressures, a small steam engine, a hand cutter and some stationery stock. In 1890, his son, Raymond H. Barker, joined the company. In 1911, S. Barker & amp; The children were included, and in 1923, a grandson, Raymond M. Barker, joined the growing firm.

The company became one of the leading office suppliers in northern Ohio, and in the 1950s also offered office furniture from metal and wood. In 1986, the company was known as the Barker Office Supply Company, with John S. Barker (Samuel Barker's great-grandson, Jr.) as president. In 1989, the company was sold to the Spectrum Supplies Office of Rochester, New York, and in 1994, sold again, to Staples, which was renamed the Staples Business Advantage. John S. Barker retired from the company in 1989, but another from Samuel Barker, Jr's. great-grandson James Barker remained with the company as vice president.

Buhrmann

Buhrmann N.V. was originally formed from KNP BT, a paper distribution company, packaging, and printing industry, founded in 1993 by the merger of three companies simultaneously: Koninklijke Nederlandsche Papierfabrieken (KNP), BÃƒÆ'Ã‚Â¼hrmann-Tetterode and VRG-Groep. In 1997 and 1998, the business area of â€‹â€‹paper and packaging divestment, leaving only distribution interest, which includes BT Office Products as well as graphics systems and paper merchandising business. KNP BT was renamed Buhrmann N.V. in July 1998.

Corporate Express Corporation

Corporate Express was founded by Jirka Rysavy, also founder of Gaiam, in 1986 in Boulder, Colorado. Originally a regional office product retailer with 11 employees located in one small building, the company established a strategic procurement solution program as an industry innovation.

In 1991, Corporate Express became a public company with reported revenue of $ 621 million per year. Through the acquisition of approximately 200 companies by the end of 1999, the company added its product line, customer service, and geographical area. In January 1999, SEC's last full-year report, Corporate Express had $ 3.75 billion in revenue.

Buhrmann and Corporate Express Merger

In October 1999, Buhrmann acquired the Corporate Corporation Corporation corporation and merged it with BT Office Products. Corporate Express became the name of Buhrmann N.V arm's office product.

In May 2001, Corporate Express acquired substantially all US Office product assets (USOP) in North America, including certain stand-alone furniture businesses. The operations of North American USOP office products are integrated into Corporate Express, generating expected revenues of approximately $ 5 billion in North America. As a result, many USOP board members have a place on the Express board. In 2003, Jirka Rysavy fully retired at the age of 48.

The company's new focus on one business area was consolidated when its paper merchandise division was sold to PaperlinX Australia in October 2003, leaving only business related office products. Reflecting the new single focus, it was decided to change the company name to Corporate Express N.V. in April 2004.

Acquisition of Corporate Express Staples

US-based office supplies equipment, Staples Inc., launched an unsolicited acquisition offer for the company on February 19, 2008, offering EUR7.25 per share. Council of Corporate Express rejected the offer, saying that the company undervalued prices. In a move widely seen as an attempt to halt interest from Staples, the president announced a planned takeover of EUR1.4 billion from French rival Lyreco on May 21, only for Staples to make an increased bid of EUR9.15 per share on June 3. After this also rejected, the final offer of EUR9.25 per share (valuing the Company Express at EUR1.68 billion) was received by the board on 11 June. The proposed Lyreco acquisition was later abandoned. With more than 95% of the stock acquired by Staples, Corporate Express was removed from the AEX index on July 4, 2008. The company's shares were written off on August 5 when Staples gained complete control. The purchase of 1.68 billion euros, equivalent to 2,204,910,223.03 USD, was one of the biggest in decades. Corporate Express is now part of the Staples Advantage and traded publicly on the NYSE with SPLS symbols.