Staples Enters into Agreement to Acquire Accolade Promotion Group, Canada’s Leading Promotional Products Business
April 20 2015 - 11:00AM
Business Wire
Expands Staples’ breadth of offering in
helping bring brands to life
Staples, Inc. (Nasdaq: SPLS) and Golf Town Canada Inc., today
announced that they have reached an agreement for Staples to
acquire Accolade Promotion Group (APG), a leading distributor of
promotional products in Canada. The acquisition will build on
Staples’ position as the largest distributor of promotional
products in North America and will significantly expand the breadth
of offering for its customers. Terms and conditions of the
acquisition were not disclosed.
APG designs and delivers promotional merchandise for a number of
well-known brands. As a full-scale promotional merchandise agency,
APG is recognized for its creative and innovative approach to
serving brands.
“The acquisition will further Staples’ ability to bring
customers a strong brand partner with a broader offering in
Canada,” said Steve Bussberg, senior vice president, Staples
Advantage, responsible for Staples Promotional Products business.
“APG’s vast experience serving customers in the financial and oil
& gas industries will complement our strengths in the
automotive, manufacturing and consumer goods industries.”
“We are looking forward to joining forces with Staples to more
effectively deliver a great customer experience,” said Dan Craig,
managing director, APG. “The acquisition will allow us to expand
our global reach and extend the benefit of significant investments
in technology, compliance and supply chain.”
APG is currently a division of Golf Town. Upon closing, APG will
become part of the Staples family and Mr. Craig will become the
managing director of SPP Canada. Pam Westman, the current managing
director of Staples Promotional Products (SPP) in Canada will lead
the integration of the acquisition and spearhead global expansion
for SPP.
About Staples Promotional Products:
Companies of all sizes rely on Staples Promotional Products to
create their eStores, print catalogs, company logo, apparel and
tradeshow items. Headquartered in Overland Park, KS, SPP is the
leading promotional products distributor in North America. With
thousands of products currently online, SPP offers a wide array of
services including customized products to match any brand; managed
programs and total brand development and incentives and recognition
programs. More information about SPP is available at
www.yourbrandpartner.com.
About Staples:
Staples makes it easy to make more happen with more products and
more ways to shop. Through its world-class retail, online and
delivery capabilities, Staples lets customers shop however and
whenever they want, whether it's in-store, online or on mobile
devices. Staples offers more products than ever, such as
technology, facilities and breakroom supplies, furniture, safety
supplies, medical supplies, and Copy and Print services.
Headquartered outside of Boston, Staples operates throughout North
and South America, Europe, Asia, Australia and New Zealand. More
information about Staples (SPLS) is available at
www.staples.com.
About Golf Town:
Golf Town is a division of Austin, Texas based Golfsmith
International which operates Golf Town stores in Canada, Golfsmith
stores in the U.S. and each brand’s respective websites. Founded in
1999, Golf Town has grown from a single store in Scarborough, ON,
into Canada's largest golf retailer offering golfers the
convenience of shopping in its 56 experiential stores and
www.golftown.com online. Golf Town features the broadest selection
of the best brands in golf, expert staff who share its customers’
love of the game, and state of the art custom fitting services and
technology– truly Anything For Golf.
Photos/Multimedia Gallery Available:
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Staples, Inc.Shweta Agarwal,
508-253-8249Shweta.Agarwal@Staples.com
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