Tuesday, November 21, 2006

Office supplies business for sale

Consolidation time for the office supplies industry in the UK?

Reports that ISA, a privately-held UK office supplies company, is being sold with owner Brett Palos hiring US investment bank Rothschild to seek buyers for the business, are being distributed.

Palos bought ISA out of administration in 2003 and seems to have managed to fully turn it around. ISA is currently one of the UK's leading office suppliers, and counts Tesco, the MoD and Citibank among some of its customers. Rothschild are seeking offers of around £80m for the company, which has been profitable since September 2005.