Workplace solutions and business services provider OT Group Limited has today agreed to acquire Office Depot Europe’s larger mid-market, major and public sector contract customers in the UK and Ireland. This is subject to a TUPE consultation process with the Office Depot employees which will commence immediately.
OT Group is part of Paragon Group and incorporates the OfficeTeam, OT Wholesale, Zen Office and Spicers Ireland businesses.
The acquired Office Depot Europe contract customers in the UK and Ireland will be integrated into OT Group.
The deal extends OT Group’s capacity to serve its customers through the addition of state-of-the-art warehousing facilities and new key verticals. OT Group will also enter a collaboration agreement with Office Depot Europe, servicing the international customers that will be transferred as part of the deal.
As part of the transaction, OT Group will take on Office Depot Europe’s distribution centre in Ashton-underLyne, Manchester and the headquarters of Vital Communications, Office Depot’s print, marketing & communications business in Dartford, Kent.
Associated colleagues at both sites, as well as a dedicated sales and customer service team, will transfer to the OT Group in UK and Ireland.