FILE PHOTO – A shopping cart is seen outside a Staples office supplies store in the Chicago suburb of Glenview, Illinois, February 4, 2015. REUTERS/Jim Young/File Photo
WASHINGTON (Reuters) – The U.S. Federal Trade Commission said on Monday it had approved with conditions the proposed $482.7 million merger of office supply distributors Staples Inc and Essendant Inc.
“Staples, which is owned by the private-equity firm Sycamore Partners, will establish a firewall separating Staples’ business-to-business sales operations from Essendant’s wholesale business,” the regulator said in a statement.
“This firewall will restrict Staples’ access to the commercially sensitive information of Essendant’s customers.”
Reporting by Eric Beech; Writing by Mohammad Zargham; Editing by Sandra Maler