CE expands into Mexico



Corporate Express has revealed that it has entered into a marketing agreement with Mexico City-based office products and services firm Fesa.
Fesa has operations in 13 countries, comprising Argentina, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Mexico, Panama, Paraguay, Peru, Uruguay and Venezuela.
Meanwhile, Corporate Express’ parent company Buhrmann posted a strong Q3, boosted by strong sales growth in the US.
The company beat expectations, posting a 22 per cent rise in operating profit to €61.8 million ($72.5 million). Analysts had been anticipating EBIT to rise 17 per cent. Total group sales rose 10.6 per cent to €1.49 billion, with organic sales in the US lifting 7 per cent.
Looking ahead, CEO Frans Koffrie said he remained "positive about prospects for sales growth in 2005 and beyond".