DES PLAINES, Ill., July 28 /PRNewswire-FirstCall/ -- United Stationers
Inc. (Nasdaq: USTR) today announced it has selected One Parkway North in
Deerfield, Ill. as the new location of its corporate headquarters. The new
location, for which the company signed an 11-year lease, is approximately nine
miles north of its current Des Plaines, Ill. corporate headquarters.
Relocation Offers Best Solution
"We evaluated a number of alternatives and this one made the most sense
from all perspectives: operational, cultural and financial," explained Richard
W. Gochnauer, United Stationers' president and chief executive officer.
"At the present time, we operate from three separate buildings located in
Des Plaines and Mt. Prospect, Ill. Our company's growth is outpacing the
current space. The Deerfield facility gives us the flexibility to develop a
scalable infrastructure to accommodate expansion. From a cultural standpoint,
United stresses a cross-functional team approach, and it's much easier to
support people who are trying to work together when they share the same
location. All of these factors make the relocation a very welcome and
exciting move," Gochnauer concluded.
United Stationers' current corporate headquarters provides a total of
179,000 square feet. The company will occupy approximately 205,000 square feet
in the Deerfield building. Approximately 600 United associates will be making
the move. The company plans to handle the relocation in stages, with a goal
of completing the process by the end of the second quarter of 2006. As a
result of the relocation, United Stationers expects to incur approximately
$16 million in incremental capital expenditures during 2005 and 2006
(including approximately $7 million in landlord allowances) for items such as
furniture, fixtures, general purpose build-out, and infrastructure technology.
About United Stationers
United Stationers Inc. is North America's largest broad line wholesale
distributor of business products, with sales for the trailing 12 months as of
March 31, 2005 of approximately $4.1 billion. Its integrated computer-based
distribution systems make more than 40,000 items available to approximately
15,000 resellers. United is able to ship products within 24 hours of order
placement because of its 35 United Stationers Supply Co. distribution centers,
34 Lagasse distribution centers that serve the janitorial, sanitation, and
foodservice disposables industries, two Azerty distribution centers in Mexico
that serve computer supply resellers, and two distribution centers that serve
the Canadian marketplace. Its focus on fulfillment excellence has given the
company an average order fill rate of better than 97%, a 99.5% order accuracy
rate, and a 99% on-time delivery rate. For more information, visit
The company's common stock trades on the NASDAQ Stock Market(R) under the
SOURCE United Stationers Inc.