Staples pulls in to Depot. (acquisition of Office Depot Inc.)(includes related articles on Office Max and criticism of office superstores)

HFN: The Weekly Newspaper for the Home Furnishing Network, September, 1996 by Richter, Allan

Staples Inc. is considering acquiring office supply store rival Office Depot Inc. for $3.4 bil. The resulting company would be called Staples the Office Depot and would generate estimated annual retail revenues of $7.5 bil. The merger would expand the market for computers and other high-end products, according to manufacturers. Staples and Office Depot would likely close 50 to 70 units if the merger is approved.

NEW YORK--The proposed $3.4 billion acquisition by office superstore chain Staples of archrival Office Depot would streamline an industry that many observers believe is too crowded, even with only three major players.

By enabling Staples and Office Depot to pool their resources, the acquisition would also help expand the market for high-end products,...

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