the RAJA group (RAJA packaging), Europe’s leading multi-channel mail order company for corporate equipment and supplies, announced today that it has partnered with Aurelius Investment Group as a Agreement to acquire the Viking business, including the remaining Office Depot Europe portfolios, has met in seven European countries: United Kingdom, Ireland, Germany, Switzerland, Austria, the Netherlands and Belgium.
RAJA Verpackung takes over Viking
Viking, the flagship brand of Office Depot Europe’s e-commerce operations, is a important player in BtoB sales of office supplies and furniture. All of the company’s activities in Europe employ 1,500 people and generate sales of almost 500 million euros. The financial terms of the agreement will not be made public made.
The RAJA Group is accelerating its development strategy in Europe
With 3,000 employees in 18 European countries, the RAJA Group is the leading packaging retailer in Europe and, following the takeover of the Staples business in Southern Europe in 2019, an important player in the market for office supplies and furniture: JPG, Mondoffice and Kalamazoo, French, Italian and Spanish specialists in workplace equipment. This acquisition is in line with the RAJA Group’s strategy of increasing sales, expanding the customer base and diversifying the offering. It enables the group to strengthen its positions and complete its geographic coverage in these strategic markets.
“This takeover represents a great strategic opportunity to strengthen our positions in Europe, especially in these seven countries in which we are already present with our RAJA subsidiaries. It will further expand the group’s presence and give new impetus to our ambitions in the office supplies market. This acquisition fits in perfectly with our strategic vision of being a global partner for European companies, from small start-ups to large corporations, and will strengthen our partnership with globally recognized brands, ”says Danièle Kapel-Marcovici, CEO of RAJA- Group (RAJA packaging).
Viking is a major player in the distribution of office supplies
The American company, Viking Office Products, entered the European market in 1990, initially only in the UK, and then expanded its business across Europe. Thanks to the groundbreaking know-how in the field of distance selling, it has revolutionized the distribution of office supplies via catalog. As the inventor of the concept of “fanatical customer service” which has strengthened customer loyalty, Viking has developed a strong brand awareness in its markets. After being taken over by Office Depot in 1998 and by the German investment fund Aurelius in 2017, Viking is now an important player in the market for office supplies and workplace equipment.
The acquired companies with headquarters in Venlo in the Netherlands serve 1.2 million customers in Europe and have two large distribution centers in Großostheim in Germany and Leicester in Great Britain.
This acquisition offers RAJA Verpackung (RAJA Group) additional growth opportunities in the coming years and a solid foundation to accelerate the development of the business in Europe. This will enable the group to serve more than 2.2 million customers in Europe and generate sales of more than 1.6 billion euros.
The foundation is based on the same values
“Viking has more than 30 years of experience in Europe and knows the needs and expectations of customers in its markets. Viking and RAJA Group employees share the same values of entrepreneurship and customer service culture that have made us successful. Together we will regain the momentum for profitable growth for Viking by using our shared know-how in attracting and retaining European customers and our ability to implement synergies in purchasing, marketing and sales, especially with JPG, Mondoffice and Kalamazoo, but also with the RAJA subsidiaries in the individual countries.
I am pleased to welcome the 1,500 new employees with their recognized skills and professionalism to the RAJA Group. Together we will form an even more successful team in order to position the RAJA Group as the leading partner for companies in Europe, ”continues Danièle Kapel-Marcovici.