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OFFICE
DEPOT ANNOUNCES STRATEGIC ALLIANCES TO SERVE INTERNATIONAL ACCOUNTS
IN SCANDINAVIA
April
22, 2004 - Office Depot Europe today announced that it has entered
into Strategic Partnerships with four independent office supplies
companies in each of the Scandinavian countries. The partnerships
with Rich Andvord AS in Norway, AGE Kontor and Data in Sweden, Beltton
Group Plc in Finland and Meydan - Møller and Landschultz
in Denmark, will significantly strengthen Office Depots European
and International service capabilities to both new and existing
customers. Åke Norström, Managing Director of Age Kontor
and Data in Sweden stated, "With the office supplies industry
and the procurement process globalising, we see great
opportunities to secure the long term retention of our existing
customers and also to win new contracts through our partnership
with Office Depot."
Peter Birks, Office Depots VP of European Business Services
(Contract) remarked, "We are both pleased and excited about
the significant growth opportunities these partnerships will present.
The spirit from all concerned in establishing this structure has
been magnificent, which will ensure this project progresses with
pace and professionalism. Scandinavia is a key market for many International
organisations, and as of today we are now in a strong position to
service them with focused and knowledgeable partners."
Heikki Vienola, CEO Beltton Group Plc Finland added, "I believe
that this partnership agreement improves our capability to grow
and ensures an International service that has been required by our
multinational customers."
The partnerships will be effective from mid April and offer new
opportunities for the International Sales group. This group, headed
by Tony Bennett, International Sales Director, was established last
year to offer European and global organisations a truly integrated
office products solution. Tony Bennett remarked, "Our International
proposition will bring significant benefits to clients who have
the procurement infrastructure to execute a multi-country supply
agreement. These new partnerships will extend our International
reach, and we are focused on maximising the tremendous growth opportunities,
for all parties, that we have already identified." Per Gundersen,
Managing Director Rich Andvord AS Norway added, "We are certain
that our leading domestic position combined with Office Depots
strong international network, represents an ideal opportunity for
international clients in our region." Jan Körvell, Sales
Director Meydan-Møller & Landschultz A/S stated "Our
company is looking forward to its future collaboration with its
partners in Scandinavia, Europe and globally. We look forward to
a stronger market position as a direct result of these new relationships."About
Office Depot Worldwide
With sales of nearly 12,4 billion USD, no one sells more office
products to more customers in more countries than Office Depot.
The Company operates under the Office Depot, Viking Office
Products, Viking Direct, Viking Direkt, Guilbert
and 4Sure.com brand names and employs nearly 50,000 people
worldwide.
Office Depot sells products and services via the Mail-order Division,
the Contract Division and the Retail Division (1,100 Office Depot
stores) in 23 countries worldwide.
Office Depot is the worlds number two online retailer and
operates 56 Web sites in 14 countries worldwide. In 2003 the Company
generated worldwide e-Commerce sales of 2.6 billion USD.
The companys common stock is traded on the New York Stock
Exchange under the symbol ODP and is included in the S&P 500
Index and the Fortune Top 500.
About AGE Kontor and Data Sweden
AGE Kontor and Data is the fastest growing office supplier in Sweden.
They have an annual turnover of 40 million Euros, of which the Contract
Division is about 70%. AGE Kontor and Data was established in 1947,
with 150 employees and their head office in Stockholm. Next day
delivery is offered from their warehouse and 13 stores.About Rich
Andvord AS Norway
Rich Andvord AS is a nationwide supplier of office and computer
products to the professional market within the private and public
sector. Rich Andvord AS is the market leader in Norway, with headquarters
in Oslo and many regional subsidiaries throughout Norway. The company
was established in 1865 and is part of the Andvord Group, which
is family-owned and now managed by the 4th generation of the Andvord
family. The groups turnover in 2003 was 120 million Euros
and with 420 employees.About Beltton Group Plc Finland
Beltton-Group plc is quoted on the stock exchange and is the market
leader for office supplies in Finland. Belttons subsidiary
Wulff Oy Ab is responsible for managing Office Depots international
customers in Finland. Wulff Oy Abs Contract Division caters
specifically to large companies and large company groups. The contract
concept is based on a highly automated product management system.About
Meydan-Møller & Landschultz A/S Denmark
Meydan-Møller & Landschultz A/S was founded in 1899,
and is one of the longest established office suppliers in Denmark.
The company is one of the five largest in the Danish market, supplying
a broad segment of Danish and international businesses in the private
and public sectors.
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