Terms of the deal, originally announced in April, were not disclosed.
Staples Print Solutions offers business-printing services, ranging from business cards and brochures to labels and packaging. The company has done business with Taylor Corp. for more than 20 years, making the new union one that should help the latter broaden its ability to provide a full range of print and digital communication solutions.
“The successful close further strengthens our foundation for future growth,” Deb Taylor, CEO of Taylor Corp., said in a press release. “We are pleased to add this business to our organization that has one of the broadest range of communications services, products and technologies, and an experienced team dedicated to providing the highest quality products and customer service in the industry.”
Staples Print Solutions will go to market as Taylor Communications, Taylor Corp.’s newest subsidiary. Taylor Communications includes the former Standard Register Co., which Taylor Corp. purchased for $307 million during a bankruptcy auction in June 2015.
The Staples name most recently made headlines after a federal judge ruled against a merger between parent company Staples Inc. and Office Depot Inc. Shortly thereafter, Staples Inc. CEO Ron Sargent announced that he would be stepping down from his position immediately following the company’s Annual Meeting of Shareholders on June 14.
While it’s too early to predict how this acquisition will affect the print distributor segment, chances are it could present new selling opportunities for resellers and their supplier partners alike. How has the contracted marketplace affected your business? Sound off in the comments section below.