Tag: Genuine Parts
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…
Tough quarter for SPR
Sales declines continued for US office products wholesaler SP Richards (SPR), revealed parent group Genuine Parts (GPC) in its Q4…
Analysis: Tough road ahead for Essendant
US wholesaler Essendant faces some stiff challenges as it looks to get itself back onto a growth trajectory.The company posted a…
Genuine Parts CEO: ‘No intention’ of divesting SP Richards
Genuine Parts CEO Paul Donahue told analysts on yesterday’s third-quarter earnings conference call that the group had “no intention at…
Mid-single-digit declines at SP Richards
US office products wholesaler SP Richards (SPR) has reported a sales decline of almost 5%, parent company Genuine Parts revealed…
Special Feature: Top 100 2017
When we started collating this year’s Top 100 resellers list, it struck me that relatively few big hitters have come…
Results trends continue at SPR
Genuine Parts (GPC) has reported its second quarter results, with acquisitions once again boosting the top line of business products…
Event: ABC preview
Everything in the business supplies industry today centres around change. Whether you talk about evolution, revolution or indeed complete transformation,…
Acquisitions again boost SPR top line
Last year’s acquisitions by SP Richards (SPR) have again helped the US office supplies wholesaler to post year-on-year sales growth…
New acquisition for Genuine Parts
SP Richards owner Genuine Parts Company has bolstered its electrical division with an acquisition. EIS, its electronic materials arm, has bought…
Big read
GSA to overhaul federal acquisition schedules
The US General Services Administration (GSA) has this week announced a major restructuring of its Multiple Award Schedules (MAS) that…