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Top News In Facilities Supplies Today - Breaking & Trending Today

Newell announces restructuring programme | OPI - Office Products International

Newell Brands is implementing a cost reduction programme as part of what it describes as an “organisational realignment”. In a press release, the company said organisational design changes will entail: standing up a cross-functional brand management organisation realigning business unit finance to fully support the new global brand management model further simplifying and standardising regional ....

Newell Brands , North America , Traditional Op , Facilities Supplies ,

OptiGroup enters Germany | OPI - Office Products International

European B2B distributor OptiGroup has expanded into the German market by acquiring leading regional supplier Top Service. Top Service is a distributor of tabletop products, food packaging, and cleaning and hygiene products. Established over 30 years ago by Andreas Zapp, the company has grown to generate €25 million ($27.5 million) in annual revenue and is ....

Stop Service , Large Resellers , Mergers Amp Acquisitions , Facilities Supplies ,

Imperial Dade acquires in Dallas | OPI - Office Products International

Jan/san distribution giant Imperial Dade has announced its 76th acquisition. The newest addition to the Imperial Dade network is Wedge Supply, a distributor of professional cleaning chemicals, janitorial supplies, floor maintenance equipment and foodservice items that serves the Dallas/Fort Worth market in Texas. One of Wedge’s specialities is custodial training. It has a training facility ....

United States , Imperial Dade , Wedge Supply , Fort Worth , Kevin Wedge , Mergers Amp Acquisitions , Facilities Supplies , North America , Large Resellers ,

Grainger sells metalworking subsidiary | OPI - Office Products International

MRO giant Grainger has announced the sale of its US-based distribution company E&R Industrial Sales. Metalworking products specialist E&R was bought by Grainger in 2013 and has remained a separate brand within its portfolio since then. The business has now been acquired by Paradigm Equity Partners, a California-based private equity firm, for an undisclosed sum. ....

United States , Paradigm Equity Partners , North America , Large Resellers , Mergers Amp Acquisitions , Facilities Supplies ,

Stora Enso to record massive impairment charge | OPI - Office Products International

European packaging and forestry group Stora Enso is set to take a big non-cash hit in its fourth quarter results. The company has announced it will report an impairment charge of €514 million ($555 million) in its Q4 2023 earnings which are due to be published in early 2024. €381 million of this is related ....

Stora Enso , Impairment Charge , Financial Results , Traditional Op , Facilities Supplies ,