Taylor Corporation To Acquire Staples Print Solutions
Print and marketing solution provider Taylor Corporation has entered into an agreement to acquire the assets of Staples Print Solutions, a division of Staples, Inc., parent company of distributor Staples Promotional Products (UPIC: AMER0016). The news was first reported Monday in a PPB Newslink Breaking News alert. The assets will be acquired by Taylor Communications, Inc., a subsidiary of Taylor Corporation. The transaction is expected to be completed in the coming months.
“Staples and our family of companies have been trusted partners for over 20 years,” says Deb Taylor, CEO of Taylor Corporation. “Throughout this time, we have partnered with Staples to meet the communication needs of their contract and retail business. We are honored that Staples would look to Taylor Communications and entrust us to continue to provide service to their customers and employees.
“This pending acquisition broadens our ability to provide a full range of print and digital communication solutions, customized to serve our customers’ marketing and business needs,” adds Taylor. “We are thrilled to welcome this business into our family of companies.”
In a statement on the asset acquisition, Staples says, “We are continually evaluating our business to ensure we’re focusing on our core priorities. This planned sale will streamline print operations. We will continue to offer a full print offering with an industry-leading sales team and operational support to our customers. The Taylor family of companies has been a trusted partner for more than 20 years and customers will continue to receive the same level of service they’ve grown accustomed to.”
Taylor Corporation previously announced the formation of Taylor Communications, Inc. under which Staples Print Solutions will go to market. In June 2015, the company announced that it had acquired distributor Standard Register through a bankruptcy action.