27 June 2006 — Framingham (MAS): Staples has expanded its international focus after it sealed a joint venture agreement with Taiwan’s UB Office Systems.
The deal establishes a platform for Staples to enter the $2.5 billion Taiwanese OP sector and will create a direct link-up between the US company and UB Express, the office supplies delivery business unit of UB Office Systems.
"As Staples expands globally, the Taiwan market represents a significant opportunity for the company," said Ron Sargent, Staples chairman and CEO. "This partnership combines UB’s local business expertise and leading brand with Staples’ best practices and global procurement strength. Staples looks forward to working with the UB Express team including UB Office Systems chairman and CEO Elton Lin who will lead operations of the joint venture."
Established in 1998 as a business unit of UB Office Systems, UB Express provides next-day delivery of office supplies to corporate customers throughout Taiwan. UB Express customers, who place orders via catalogue and online, include government agencies, large financial institutions and multi-national companies.
UB Office Systems, established in 1973, is the largest office furniture manufacturer and retailer as well as the leading copy machine distributor serving corporate customers in Taiwan.