Office Depot Announces Partnership with Rubbermaid to Offer Industry-Leading Storage Assortment
BOCA RATON, Fla.--(BUSINESS WIRE)-- Office Depot, Inc. (NYSE:ODP), a leading global provider of office supplies and services, today announced a new agreement with Rubbermaid®, a leader in developing innovative, high-quality solutions that help organize and maintain order. Through this new partnership, Rubbermaid storage products are now available at nationwide Office Depot (ODP) retail store locations and online at www.officedepot.com.
Projected to be a $3 billion industry by the year 2015, storage and organization solutions are in higher demand than ever before1. As a widely recognized and trusted brand, Rubbermaid designs and markets a full range of organization, storage and cleaning solutions to keep the home and office neat and functional.
We are pleased to announce this strategic partnership with one of the leading organization brands in the U.S., said Kevin Peters, President of North America for Office Depot. The new relationship ushers in significant growth opportunities for Office Depot in the storage and organization category and beyond, as we explore additional avenues with the family of Newell Rubbermaid brands.
The Rubbermaid products currently available at Office Depot include various sizes of the Roughneck®, Action Packer® and Cleverstore® Totes, with plans to expand the category with additional products that offer clever solutions to keep consumers homes, offices and lives in order.
Rubbermaids partnership with Office Depot exemplifies how we work with our customers to unlock new opportunities for growth, said Todd Boerema, Vice President of Channel Marketing at Rubbermaid. By building upon existing relationships with leading retailers like Office Depot, we are uncovering new opportunities across the marketplace.
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About Office Depot
Office Depot provides office supplies and services through 1,678 worldwide retail stores, a dedicated sales force, top-rated catalogs, and global e-commerce operations. Office Depot has annual sales of approximately $11.5 billion, employs about 39,000 associates, and serves customers in 61 countries around the world.
Office Depots common stock is listed on the New York Stock Exchange under the symbol ODP. Additional press information can be found at: http://mediarelations.officedepot.com and http://socialpress.officedepot.com/.
1 Source: Bins, Baskets, and Totes Demand by Material 2011 Freedonia Home Organization Overview
Office Depot, Inc.
Elise Askenazi, 561-438-1447
Jason Shockley, 561-438-0037
Source: Office Depot, Inc.Copyright Business Wire 2012