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Veritiv truck sunsetVeritiv veers off
towards sunset

Diving demand & prices
bode badly. Fire Sale?


Veritiv, the leading US paper & packaging wholesaler, continued to tailspin printer paper demand story exacerbated by falling market prices. How much longer will investors tolerate incompetent management of this imploding acquisition target?




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energizer bunny drumEnergizer power
from acquisitions

Big boost from new buys
in batteries & autocare


Energizer Holdings
the personal, household care and battery maker, reported flat sales in its Q2'19 fiscal year boosted by two major acquisitions,




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Screen Shot 2019 08 05 at 1.38.03 PMWill  l a t e  L S C
Comms liquidate?

Trad OP brandmaker mkt
cap value hits rock bottom

 

The crumbling house of legacy brands like TOPS, AmPad, Pendaflex & Quality Park; LSC Communications is well overdue reporting Q2 results with no updates received. The agreed  takeover by Quad/Graphics failed, will it return under fire sale terms? 




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elisman boris acco shredAcco acquires
again in Brazil

Continues geographical
expansion v new markets


Acco Brands,
the former brand leading OP maker continued to double down on traditional office products in faster growing emerging markets rather than reinvent itself in new market opportunities




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Screen Shot 2019 08 04 at 2.10.35 PMTarget Back to
School ad best?

Conversationalists, Stylists
& Individualists identified

 

The latest Target 'Back to School' TV commercial grabs the attention straight away with an uplifting catchy tune entitled "I feel brand new". Is this the best and most memorable of all this season's ads?




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Top Articles

SPRichards' HQ hit by fire

Screen Shot 2019 07 22 at 12.27.56 PMSPRichards HQ,
RDC hit by fire

Atlanta distribution centre
inoperable for some time


US #2 OP wholesaler
SPRichards' Atlanta DC & HQ was hit by a serious fire on Friday evening, thankfully without human casualties.  CEO Rick Toppin
has issued an open letter thanking everyone for their concern and support. 

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Staples stokes up supplier #STRESS

vulture staples removerStaples stokes up
supplier #STRESS

Combined buying squeeze
expected to gain $250m

 
As indicated at Essendant's CORE event in Feb, Staples has combined purchasing power and demanded substantial cost price reductions from vendors. The big question is will savings be invested in dealer growth plans  or pocketed by vulture capitalist owner Sycamore Partners? We discuss... Updated

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Papermakers protectionist propaganda persists

commodity cliffPapermakers'
protectionist
hype persists

Inventory bubble inflates
as market prices plunge


The Big 3 US papermakers' cartel behaviour persists. After the Georgia Pacific mill closure saga induced panic buying ahead of a phantom March price increase, distributors stocked up. Now with demand dead, mills are hyping near capacity limits price increase claim, when prices are tumbling? Updated today inc. Sappi, Smurfit & McFarlane results

 

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Will Depot Federate or fragment dealers?

Beacham Wayne SPR ABC12Will ODP Federate
or frustrate Dlers?

Will angst over wholesalers'
plans fuel acquisition drive?


Beleaguered
Office Depot
made its 10th dealer acquisition in May, since its Federation drive started in Oct'17. PP sources understand another batch may join in Q3. Given Depot's fragile market capitalisation, what are wholesalers doing to defend a potential dealer exodus? Updated

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Duracell Optimum - Extra Power. Extra Life

Screen Shot 2019 07 22 at 1.44.59 PMDuracell Optimum
delivers Extra Life

Powerful new battery ads
tops trends on Twitter 


#1 battery maker
Duracell's
ad agency the much admired Wieden & Kennedy has produced a double whammy commercial that focuses on 'Extra Life. Extra Power'. The campaign is topping Twitter trends....some achievement!

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Staples Solutions sells European assets

Screen Shot 2019 02 03 at 3.23.39 PMStaples exits
European assets

French packaging group
acquires ailing brands


European packaging distribution leader RAJA Group based in Paris, has acquired four of Staples Solutions beleaguered brand operations in Europe. How long before complete exit?

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Global CapEx 2019 spending curbed

glass half empty fullGlobal CapEx
spend collapse

Trade Wars & tariffs tax
confidence, curb outlook


The 2017 mini-capital expenditure boom is fading fast. Global & US corporate Capex grew a mere 2% last year and a similarly feeble 3% expansion in 2019, caused by uncertainty fueling the economic slowdown...

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WBMason acquire R&R Richmond

Meehan WBM crossing Rubicon 3WBMason Rock'n
Roll in Richmond

National network adds 80th
branch with Virginia move


US #1 independent megadealer WBMason confirmed its 4th acquisition this year. This move crosses into the highly competitive Virginia territory. We spoke with CEO Leo Meehan about sales and acquisition growth plans... 

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Arrow's IT asset disposal U-turn

Screen Shot 2019 07 22 at 11.15.37 AMArrow U-turn
in ITAD inquiry

Did it treat 2nd hand biz
as product not a service?


In the wake of Arrow Electronics' decision to wind down part of its IT asset disposal (ITAD) operations in the US & UK CRN asks whether this is indicative of a weakening market? We get dealers reaction....

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ISG 'Prevail' Conference preview

Iguernsey dave 2017SG to Prevail
& POWER UP! 

Supergroup launches at
November Indy event


The new US Supergroup Independent Suppliers Group (ISG) is in the throes of organising leadership, systems integration and setting up HQ in Chicago. ISG is planning a members/vendors launch event in Indianapolis Nov 4-6. We spoke to an excited chairman Dave Guernsey about progress and plans....

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