Raja Group keeps expanding
France-headquartered Raja Group, a packaging company and multi-channel mail order distributor of business equipment, has entered into an agreement with Aurelius Investment Group to acquire the Viking business, including the remaining office depot Europe portfolio, in seven European countries: UK, Ireland, Germany, Switzerland, Austria, Netherlands and Belgium.
The Raja Group is one of Europe's major packaging retailers with 3,000 employees in 18 European countries and, following the acquisition of the Staples business in Southern Europe in 2019, a major player in the office supplies and furniture market with JPG, Mondoffice and Kalamazoo in France, Italy and Spain.
With this takeover, the group aims to boost its business in Europe, serving more than 2.2 million customers on the continent and generating annual sales of approximately EUR 1.6 billion. (cd)