Tuesday, 19 February 2013 02:28
WSJ: OfficeMax, Office Depot in merger talks
NEW YORK (AP) - The Wall Street Journal is reporting that OfficeMax Inc. and Office Depot Inc. are talking about combining their companies.
The newspaper, citing unidentified people familiar with the matter, said yesterday that talks are at an advanced stage, and an announcement could come as early as this week.
Representatives of both companies declined to comment.
The office supply business is very competitive. Staples is a big player, along with Amazon and big discount stores such as Costco and Wal-Mart.
Boca Raton, Fla.-based Office Depot has about 1,675 stores worldwide, mostly in the U.S. and Canada. OfficeMax, based in Naperville, Ill., has about 900 stores in the U.S. and Mexico. If the two companies merged, they could close stores that compete against each other, as well as reduce costs.
The newspaper, citing unidentified people familiar with the matter, said yesterday that talks are at an advanced stage, and an announcement could come as early as this week.
Representatives of both companies declined to comment.
The office supply business is very competitive. Staples is a big player, along with Amazon and big discount stores such as Costco and Wal-Mart.
Boca Raton, Fla.-based Office Depot has about 1,675 stores worldwide, mostly in the U.S. and Canada. OfficeMax, based in Naperville, Ill., has about 900 stores in the U.S. and Mexico. If the two companies merged, they could close stores that compete against each other, as well as reduce costs.
Published in
National News
Wednesday, 13 February 2013 02:07
Kraft mulls expanding Granite City plant
GRANITE CITY, Ill. (AP) - Kraft Foods is weighing whether to spend $40 million to expand a southwestern Illinois plant if the city and state provide about $400,000 to widen a road in front of the site.
The Suburban Journals of Greater St. Louis reports that the move would add 30 jobs to the 660,000 square foot plant and warehouse. The facilities now have more than 400 workers. The plant produces Capri Sun and Kool-Aid beverages.
As part of the project, the Illinois Department of Transportation would provide $300,000 for the road widening. Kraft says it's needed to allow trucks to turn into the plant.
Granite City Economic Development Director Jonathan Ferry says the matter may go before the city council sometime between April and June.
The Granite City facility became part of Kraft in 1991.
The Suburban Journals of Greater St. Louis reports that the move would add 30 jobs to the 660,000 square foot plant and warehouse. The facilities now have more than 400 workers. The plant produces Capri Sun and Kool-Aid beverages.
As part of the project, the Illinois Department of Transportation would provide $300,000 for the road widening. Kraft says it's needed to allow trucks to turn into the plant.
Granite City Economic Development Director Jonathan Ferry says the matter may go before the city council sometime between April and June.
The Granite City facility became part of Kraft in 1991.
Published in
Local News
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