Dutch Buhrmann to acquire Portsmouth Paper Company for undisclosed sum

Nov 22, 2005. /Lesprom Network/. Dutch office supplier Buhrmann NV on Tuesday said it has signed an agreement to acquire Portsmouth Paper Company, a distributor of packaging, janitorial and safety supplies in the USA. Founded in 1912, Portsmouth Paper is active in the business-to-business market in New Hampshire, Maine and Massachusetts. The company employs approximately 70 people and had 2004 sales of $31 million. The acquisition supports Buhrmann's strategic initiative to sell an increasingly wide selection of products to its customer base and reinforces the company's strong competitive position. In addition to office and computer supplies, Buhrmann's subsidiary Corporate Express delivers already facility and breakroom products as well as print and forms, promotional articles and furniture. Buhrmann expects sales from these new categories to increase significantly over the next couple of years.