Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Office Depot Acquires Chinese Retailer
Oct 2, 2006
 Printable format
 Email this Article
 Search

Global office products retailer Office Depot is in an agreement to acquire controlling interest in AsiaEC, one of the largest dealers of office products and services in China. Financial terms of the acquisition were not disclosed.

AsiaEC is headquartered in Beijing and has offices in Shanghai, Guangzhou and Shenzhen, which are its four markets. The company has 500 employees supporting contract sales, direct mail and internet businesses. AsiaEC's customer offerings include office supplies, technology, furniture, custom printing and promotional items, and business services.

"This acquisition gives Office Depot a significant presence in the fast growing Chinese market, and allows us to further leverage our operations in Japan and South Korea to enhance our competitive position within this increasingly important region," said Office Depot International President Charles Brown.

AsiaEC will operate under the Office Depot International Division. Tim Liu, a founder and CEO of AsiaEC, will report to Teddy Chung, Senior Vice President and Managing Director, Asia.

Office Depot is headquartered in Delray Beach, Florida, U.S., and has annual sales of nearly U.S. $15 billion. It has about 50,000 employees around the world. It sells in 36 countries and has affiliates in another five. As of July 2006, the company had 1,071 retail stores in North America.

Back to Daily News

 

Daily News

...........................................................

Oct 22, 2014: Middleby to add U-Line to residential appliance business

Oct 22, 2014: iRobot's 3Q exceeds expectations, driven by Home Robots growth

Oct 22, 2014: Whirlpool Canada named 2014 Energy Star Manufacturer of the Year

Oct 22, 2014: ACCA wants the HVAC manufacturers to develop open, universal communication protocols

Oct 22, 2014: IHA launches website to connect OEMs with consumers

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows