Staples Acquires HiTouch Business Services
Staples, Inc. has acquired HiTouch Business Services, one of the largest independent office products dealers in the U.S. Staples, Inc. participates in the promotional products industry as distributor Staples Promotional Products (PPAI 108945). Terms of the deal were not disclosed.
HiTouch will now be part of the Staples Business Advantage delivery organization. Its marketplace website will continue to serve as an independent platform run by the HiTouch management team, and it will help Staples’ growth in alternative distribution channels.
“We think Staples can bring tremendous value to HiTouch Business Services, in the form of more robust capabilities and the scale that comes with being the industry leader for workplace solutions,” says Sandy Douglas, chief executive officer, Staples, Inc. “The combination of HiTouch’s sales organization and the strength of Staples will allow us to give customers an even higher level of service. We will continue to look for strategic opportunities like this one where we feel we can help create better options for businesses in the marketplace.”
John Frisk, president and chief executive officer of HiTouch Business Services, adds, “For the past 15 years, HiTouch Business Services has served its customers with pride, and we look forward to the next chapter with Staples. We will continue to support businesses as we always have, but now with enhanced solutions from a best-in-class service provider. Together, we can create a new business model which leverages the size of a company like Staples, with the local touch HiTouch is known for, to create a truly differentiated offering.”