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Daily News

Office Depot and OfficeMax Complete Merger
Nov 6, 2013
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As expected, Office Depot and OfficeMax completed their merger of equals on Nov. 5, 2013, to create a new office products retain chain that will operate as Office Depot, Inc.

Facts about the new Office Depot:
* $17 billion in combined revenue for the 12 months that ended Sept. 28, 2013
* 2,200 retail stores
* 66,000 employees worldwide
* customers include consumers and businesses in 59 countries
* 2,200 retail stores
* brand portfolio includes: Office Depot, OfficeMax, OfficeMax Grand & Toy, Viking, Ativa, TUL, Foray, and DiVOGA.

The companies' two retail websites - www.officedepot.com and www.officemax.com - remain in operation. The two companies' loyalty programs are continuing, with a combined loyalty program to be announced in 2014.

Until the search for a permanent CEO is completed Neil Austrian, chairman and CEO of Office Depot, and Ravi Saligram, president and CEO of OfficeMax, will serve together as co-CEOs.

A decision on the permanent headquarters for the new company will not be made until the new CEO is brought on-board. In the meantime, operations will continue in Boca Raton, FL, and Naperville, IL.

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