Tag: Genuine Parts
Novexco acquires SPR Canada
Canadian multichannel operator Novexco has acquired the local operations of S.P. Richards (SPR) from the wholesaler’s parent company Genuine Parts.…
Court dismisses Essendant class action suit
A US court has dismissed a class action lawsuit brought against Essendant’s former board of directors and Sycamore Partners over…
GPC names Chief Transformation Officer
S.P. Richards’ parent group Genuine Parts Company (GPC) has appointed Will Stengel to the new position of Chief Transformation Officer.…
Genuine Parts CEO praises SPR team
Paul Donahue, CEO of S.P Richards’ (SPR) parent organisation Genuine Parts Company (GPC), called the wholesaler’s third quarter performance “especially…
SPR reports Q3 results
Third quarter sales and operating earnings of North American wholesaler S.P. Richards (SPR) have been reported via its parent organisation…
SPR announces new HQ and DC plans
North American wholesaler S.P. Richards (SPR) is set to move to new headquarters in the coming weeks following last month’s…
Antalis supporting breast cancer research | HP makes Southeast Asia raids | Record year...
A round-up of this week’s business supplies-related news from across the globe. Antalis supporting fight against breast cancer For the…
Amazon drone deliveries imminent | Xerox and HP strengthen ties | Xerox acquisitions |...
This week’s round-up of office products and business supplies news from around the globe. Amazon ready for drone deliveries Amazon…
Sales increase for SP Richards
First quarter sales at wholesaler SP Richards (SPR) increased by 1%, parent company Genuine Parts (GPC) has revealed in its…
Staples deal for Essendant confirmed
The acquisition of US office products wholesaler Essendant by Staples in a deal worth almost $1 billion has been confirmed.…
No counterbid for Essendant, says Genuine Parts
Genuine Parts (GPC) has said it intends to let its SP Richards (SPR) merger agreement with Essendant terminate rather than…
Staples turns the screw on Essendant
Staples has sent Essendant a draft merger agreement after reiterating its previous proposal to acquire the wholesaler for $11.50 per…
Analysis: Mega-merger in US wholesale channel
Speculation has been rife in the US since the beginning of 2018 that something 'big' was about to happen at…
Comment May 2018
Ihad this column for the Breakroom Special issue of OPI all worked out, talking in some detail about the opportunities…
Interview: Essendant leaders on the SPR merger
OPI catches up with Essendant CEO Ric Phillips and President of Office & Facilities Harry Dochelli to discuss the transaction…
Operating profit slides at SP Richards
First quarter operating profit at US business products wholesaler SP Richards fell by more than 30% year on year, parent…
Business as usual, say Essendant and SP Richards
US office products wholesalers SP Richards and Essendant have both delivered 'business as usual' messages to staff, suppliers, customers and…
SP Richards and Essendant announce merger
The two leading office products wholesalers in the US have announced plans to combine.In anannouncement earlier today, Essendant and SP…
Analysis: Which road will Essendant take?
At the end of February, US business products wholesaler Essendant reported a set of challenging 2017 financial results, with sales…
Analysis: Other options for Essendant
OPI follows up on yesterday’s article about business products wholesaler Essendant.In the article, we looked at the possibility of Essendant…
Big Read
Analysis: Inside ACCO’s FY results
The double-digit jump in ACCO’s share price on Wednesday came as the company’s Q4 results beat Wall Street sales and…