Ashurst Reps Office Depot In Purchase Of Swedish Rival

Law360, New York (January 11, 2011, 6:48 PM EST) -- Office Depot Inc. on Tuesday announced plans to acquire Europe's oldest office supply company in an effort to expand its reach in Scandinavia.

The American office supply giant said it would buy the Svanstrom Group, which owns the Swedish office supply chains Svanstroms, Wettergrens and Killbergs, but did not elaborate on the details of the transaction.

“It is a perfect complement to Office Depot’s existing Swedish operations, and the acquisition will benefit Office Depot’s competitive positioning in the Nordics, ” said Ake Norstrom, Office Depot's country...
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