Just over eight months after announcing plans to come together, Naperville based OfficeMax has officially merged with Office Depot.
After getting approval from the Federal Trade Commission, the almost $1.2 billion deal was finalized on November 5th.
The new company will take the name Office Depot, INC., but will still operate out of some OfficeMax stores as a subsidiary of the parent company.
OfficeMax’s corporate headquarters, located here in Naperville and employing about $2,000 people will stay open until all details of the merger are worked out and a final headquarters location is chosen.
The CEO’s of both companies will act as co-leaders of the new company until a replacement can be named.
The merger was designed to help the new company better compete with Staples, the number one office supply company nationally.
WANT MORE LOCAL NEWS?
Get daily news headlines delivered to your inbox!Sign Up Today!