BROOMFIELD, Colo., Oct. 8 /PRNewswire-FirstCall/ -- Corporate Express US Inc., part of the Dutch-based Corporate Express NV , announced today that it has acquired Contracta Office Furnishings, a contract furniture dealer in Dallas, Texas.
Corporate Express US is a leading business-to-business supplier in the U.S. of office products, furniture, facility supplies and computer products and services, printing and forms management and promotional merchandise. The company's contract furniture business is called Corporate Express Business Interiors (CEBI).
This acquisition of Contracta will strengthen Corporate Express's position in North Texas and support the company's objectives of increased growth in the contract furniture business.
All of the approximately 20 Contracta employees will be retained within the CEBI organization. The deal was completed on September 28, 2007. The combined North Texas organization will be led by John Sherman, VP of CEBI.
"The combination of Corporate Express Business Interiors and Contracta represents significant benefits to our furniture clients and our associates," said David M. Grove, President of Corporate Express Furniture. "The shared strength of our excellent customer relationships with large, mid and small businesses and furniture manufacturers means we will be able to offer enhanced service levels and greater economies of scale, backed by a national distribution infrastructure."
Corporate Express Business Interiors is the largest full service furniture distributor in the United States, with the broadest furniture offering in the industry which includes catalog furniture purchases and full service contract furniture services.
"Making this integration seamless for both Contracta and Corporate Express customers is our top priority," said Grove. "Both Corporate Express and Contracta share a passion for service excellence, and I look forward to bringing our two organizations together."
About Corporate Express
Corporate Express provides customers with a single source of business products and services, so that they can focus their resources, energy and time on their core business. Corporate Express helps organizations to save time and maximize their productivity.
Headquartered in the Netherlands, Corporate Express NV generated 2006 annual sales of EUR 6.3 billion. The Company has a widespread global distribution network spanning North America, Europe and Australia, has close to 19,000 employees, and operations in 20 countries. Corporate Express NV is listed on Euronext Amsterdam (Euronext: CXP) and in New York . For more information, please visit http://www.corporateexpress.com/.
Safe Harbor Statement
Statements included in this press release, which are not historical facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Such forward-looking statements are made based upon management's expectations and beliefs concerning future events impacting Corporate Express and therefore involve a number of uncertainties and risks, including, but not limited to industry conditions, changes in product supply, pricing and customer demand, competition, risks in integrating new businesses, currency fluctuations, and the other risks described from time to time in the Company's filings with the US Securities and Exchange Commission, including the Company's Annual Report on Form 20-F filed with the Securities and Exchange Commission on March 9, 2007. As a result, the actual results of operations or financial conditions of the Company could differ materially from those expressed or implied in such forward-looking statements. Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update publicly or revise any forward-looking statements.
