Boca Raton, Fla. — Office Depot, Inc., a leading global provider of office supplies and services, has completed the sale of its European business to The AURELIUS Group. This transaction is part of the company’s recently announced international divestiture strategy to focus on opportunities in its North American business.
As of its most recent filed annual report for fiscal year ended 2015, Office Depot had annual sales of approximately $14 billion, employed approximately 49,000 associates, and served consumers and businesses in 59 countries with approximately 1,800 retail stores, e-commerce sites and a dedicated business-to-business sales organization. The company operates under several banner brands including Office Depot, OfficeMax and Grand & Toy.
SOURCE: Office Depot, Inc.