NOVEXCO and LYRECO
announce the acquisition of LYRECO CANADA by NOVEXCO
and their new STRATEGIC ALLIANCE
January 23, 2014
On January 22, 2014, Novexco, the largest group of independent retailers in the business solutions sector for various workplaces in Eastern Canada, acquired the Canadian division of Lyreco.
This decision meets the business objectives of both companies because Lyreco was in a phase of strategic review in Canada and Novexco was seeking to become a player Canada-wide.
"We are thrilled to be able to integrate such expertise and effectiveness as demonstrated by Lyreco Canada into our operations, and we believe that with this new acquisition Novexco will be in a better position than ever to maintain its original mission to provide innovative business solutions designed to build customer satisfaction and loyalty," stated Robert de Montigny, President and CEO of Novexco.
“I am convinced that the combined operations of Novexco and Lyreco Canada will create a much stronger player on the Canadian market place. In addition, the creation of our strategic partnership will enable us to serve our international customers with an enhanced proposition“ declared Steve Law, CEO of Lyreco.
Lyreco is a privately-owned provider of workplace supplies solutions to the business community and a leader in business-to-business office products solutions. With 10,000 employees including a sales force of over 4,500 people, its core expertise is in the focus on customer service and distribution excellence. As well as being market leader in Europe, Lyreco is also present in Australia and Asia operating in 26 countries. The group generated sales of EUR 2.0 billion in 2013. Adding partners, it covers 44 countries over 5 continents. The sales partners of Lyreco are:
-Africa : WALTONS (South Africa, Namibia and Mozambique)
-Americas: INFORSHOP (Brazil), MARKEN (Argentina), WB MASON (USA), NOVEXCO (Canada)
-Asia: ASKUL (Japan), COMIX (China), BENIR E-STORE SOLUTIONS (India), OFFICEPRO (Taiwan)
-Europe: OFFICEMAG (Russia), RTC (Romania), AKOFFICE (Turkey), OFFICEDAY (Estonia, Latvia and Lithuania)
-Oceania: OFFICE PRODUCTS DEPOT (New Zealand)
Novexco is a 100% canadian-owned office products buying group composed of independent dealers. Novexco serves both business and consumer markets through its network of BuroPLUS and Club express stores, independent resellers as well as direct sales to businesses. Since its foundation, in 1996, Novexco has given itself the mission of providing its partners with innovative solutions (procurement, marketing, IT) aimling the satisfaction and loyalty of its clients. With 14,000 products in stock, Novexco is a partner of choice for the independent dealers of the industry. Novexco is a member of BPGI, the largest worldwide organisation composed of independent dealers in the industry. Novexco operates and develops an ERP system specific to the industry (OFFIX) and 4 web sites. The company’s headoffice and main distribution center is located in Laval QC and employs more than 250 people.