Office Depot Chooses Florida Over Illinois



Office Depot has picked Florida for its global headquarters, choosing Boca Raton over the Illinois home of its merger partner OfficeMax.

Last month Office Depot Inc. and OfficeMax completed their $1.2 billion merger and took the name Office Depot.

OfficeMax was based in Naperville, while Office Depot is in Boca Raton.

In mid-November, Office Depot named Roland Smith as its new CEO. The company said he'd help decide where the combined company would be based.

Smith says in a statement Tuesday that after assessing its options the company determined Boca Raton provided a way for it to drive better profitability and reach planned savings.

Office Depot looked at a number of factors before making its decision, including the cost to run each location, lease obligations, government incentives and tax implications.

(Copyright 2013 by The Associated Press. All rights reserved.)

Filed Under :  
Topics : Business_Finance
Social :
Locations : FloridaIllinoisNaperville
People : Roland Smith
On-Air Now
Local Weather
Archive
  Powered By InterTech Media, LLC