Novexco and Lyreco announce the acquisition of Lyreco Canada by Novexco and their new strategic alliance

LAVAL, QC, Jan. 23, 2014 /CNW Telbec/ - On January 22nd, 2014, Novexco, the largest group of independent retailers in the business solutions sector for various workplaces in Eastern Canada, acquired the Canadian division of Lyreco effective January 1st, 2014.

This decision meets the business objectives of both companies because Lyreco was in a phase of strategic review in Canada and Novexco was seeking to become a player Canada-wide.

"We are thrilled to be able to integrate such expertise and effectiveness of Lyreco Canada into our operations, and we believe that Novexco will be in a better position than ever to strengthen its original mission to provide innovative business solutions designed to build customer satisfaction and loyalty across Canada" stated Robert de Montigny, President and CEO of Novexco.

"I am convinced that the combined operations of Novexco and Lyreco Canada will create a much stronger player on the Canadian market place. In addition, the creation of our strategic partnership will enable us to serve our international customers with an enhanced proposition" declared Steve Law, CEO of Lyreco.

About Lyreco

Lyreco is a privately-owned provider of workplace supplies solutions to the business community and a leader in business-to-business office products solutions. With 10,000 employees including a sales force of over 4,500 people, its core expertise is in the focus on customer service and distribution excellence. As well as being market leader in Europe, Lyreco is also present in Australia and Asia operating in 26 countries. The group generated sales of € 2.0 billion in 2013. Adding partners, it covers 44 countries over 5 continents. The sales partners of Lyreco are:

- Africa : WALTONS (South Africa, Namibia and Mozambique)  
- Americas: INFORSHOP (Brazil), MARKEN (Argentina), WB MASON (USA), NOVEXCO (Canada)  
- Asia: ASKUL (Japan), COMIX (China), BENIR E-STORE SOLUTIONS (India), OFFICEPRO (Taiwan)  
- Europe: SAMSON/OFFICEMAG (Russia), RTC (Romania), AKOFFICE (Turkey), OFFICEDAY (Estonia, Latvia and Lithuania)  
- Oceania: OFFICE PRODUCTS DEPOT (New Zealand)

For more information please visit www.lyreco.com

About Novexco

Novexco is a 100% canadian-owned office products buying group composed of independent dealers. Novexco serves both business and consumer markets throughout her network of BuroPLUS and Club express stores, independent resellers as well as direct sales to businesses. Since her foundation, in 1996, Novexco has given herself the mission of providing her partners with innovative solutions (procurement, marketing, IT) aiming the satisfaction and loyalty of her clienteles. With 14,000 products warehoused, Novexco is a parter of choice for the independent dealers in the industry. Novexco is a member of BGPI, the largest worldwide organisation composed of independent dealers in the industry. Novexco operates and develops an ERP system specific to the industry (OFFIX) and 4 web sites. The company's head office and main distribution center is located in Laval QC and employs more than 250 people.

SOURCE Novexco Inc.

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