Business News

Office Depot to Sell Office Depot Japan to Kakuyasu

Friday 17. December 2010 - Office Depot, Inc. (NYSE:ODP), a leading global provider of office supplies and services, announced today that it has entered into an agreement to sell its Office Depot Japan business to Kakuyasu.

The transaction also includes an agreement for Kakuyasu to license Office Depot’s trade names, obtain sourcing services and continue to support Office Depot’s global customers in Japan. Kakuyasu is one of the fastest growing and leading multi-channel businesses in Japan with FY 2009 sales of $775 million.
Office Depot Japan was established in 1996 and is a wholly owned subsidiary of Office Depot, Inc. The Company serves a wide variety of customers in Japan including small- and medium-sized businesses and global customers.
“We believe the combination of Office Depot’s brand, merchandising and sourcing capabilities, coupled with Kakuyasu’s multi-channel business, distribution network and local expertise, will significantly strengthen our competitive position in this market,” said Charlie Brown, President of the International Division of Office Depot.
Japan based Gotairiku Partners acted as the seller’s advisor in the transaction.