M&A Deal Summary

Office Depot Acquires Best Office

On February 15, 2006, Office Depot acquired retailer Best Office

Acquisition Highlights
  • This is Office Depot’s 2nd transaction in the Retail sector.
  • This is Office Depot’s 1st transaction in South Korea.

M&A Deal Summary
Date 2006-02-15
Target Best Office
Sector Retail
Buyer(s) Office Depot
Deal Type Add-on Acquisition

Target

Best Office

Seoul,, South Korea
Best Office Co., Ltd. is a retailer of office products and services. Best Office Supply Company with 7 retail outlets and 70 franchises.

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Buyer(S) 1

Buyer

Office Depot

Boca Raton, Florida, United States
Category Company
Founded 1986
Sector Retail
Employees20,000
Revenue 7.8B USD (2023)
DESCRIPTION
Entrance to Office Depot's corporate headquarters in Boca Raton, Florida.
Entrance to Office Depot's corporate headquarters in Boca Raton, Florida.

Office Depot is a retailer and provider of office products and services. ODP, operating through its direct and indirect subsidiaries, maintains a fully integrated B2B distribution platform of approximately 1,300 stores, an online presence, and thousands of dedicated sales and technical service professionals, all supported by its world-class supply chain facilities and delivery operations. Office Depot was founded in 1986 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 2 of 7
Sector (Retail) 2 of 5
Type (Add-on Acquisition) 2 of 7
Country (South Korea) 1 of 1
Year (2006) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-08 Elso Iroda Superstore Kft.

Budapest,, Hungary

Elso Iroda Superstore Kft, which has been operating Office Depot retail stores and direct sales businesses in Hungary under license from Office Depot. The company currently operates three retail stores, a distribution center and Internet sales facility in Hungary and will open a fourth retail store later this year.

Buy $10M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-17 Allied Office Products

Clifton, New Jersey, United States

Allied Office Products, Inc. is a dealer of office products and services. Allied's offerings include office supplies, break room and coffee services, janitorial supplies, computer products, custom printing, managed print services, promotional items, office furniture and design.

Buy -
Mergr

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