Essendant signed a deal to purchase office supply contract business from Staples and Office Depot. The acquisition assets worth over $550 million will enable Essendant to compete nationally.
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Office-supply retailer Staples Inc (SPLS.O) said about 1.16 million payment cards might have been affected by the data breach announced in October.
Massachusetts, US-based office supply retail chain Staples will shut down 225 stores across North America by 2015 to push its online business and cut costs amid huge revenue losses.
Several private equity firms including Bain Capital are considering a buyout offer for retailer Staples Inc.
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