Staples, Inc., announced that an affiliate of Sycamore Partners has acquired Essendant, a national wholesale distributor. Staples, another Sycamore portfolio company, will work together with Essendant to give reseller customers access to an expanded product assortment, innovative technology, and world-class supply chain capabilities and support. Essendant and Staplesβ sales teams will continue to operate separately.
βStaples views the reseller community as partners in serving customers that will allow us all to be successful,β said Sandy Douglas, CEO, Staples, Inc. βWe value the relationships the resellers have built with Essendant and look forward to helping them build on their already impressive success. Weβve created a strong, externally monitored firewall, to protect resellersβ confidential information, as required by the FTC, and also as a sign of trust, because we know itβs the best thing for the Essendant business, and the resellers.β
As part of the transition, Ric Phillips, president and CEO of Essendant, has announced his intention to seek opportunities outside the company. Harry Dochelli, who has been with Essendant for the past six years, most recently in the role of president of office and facilities, has been named president and will lead the organization.
βEssendant has been a key partner to the reseller community for almost a century, and we see that relationship only strengthening by working with Staples,β said Dochelli. βEssendant brings a unique value proposition to its reseller partners, and with Staples, will now have enhanced capabilities to provide to our customers, enabling them to win in the marketplace.β