15/07/2011

Euroffice Completes Bolt-On Acquisition

 

Euroffice, the online office supplies company backed by Darwin Private Equity, today announces the acquisition of UK Office Direct Limited. 

UK Office Direct is a leading online office supplies business in the UK. It has grown strongly since it was founded in 2002 to reach turnover of over £6m. The Euroffice and UK Office Direct websites will continue to operate under their respective brands. 

Simon Drakeford, CEO of Euroffice, commented: “The acquisition of UK Office Direct confirms our position as the UK’s leading online office supplies business serving the SME market. Michael and Aileen have built a successful business and we look forward to working with them to continue to drive UK Office Direct’s growth.” 

Michael Griffin, founder of UK Office Direct, said: “We are delighted to have built UK Office Direct into a business of scale and strong profitability. Now is the appropriate time for us to pass it on to new ownership and we look forward to working with Simon and the Euroffice team to ensure the smooth integration of the business.”

 

 
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