Taylor Corp. has agreed to buy 10 bartering press accessories acceptance to behemothic office-products banker Staples, aggregation admiral appear Wednesday.
Terms of the accord for the Staples Print Solutions accessories — accepted to aing aural a few months — were not disclosed.
Taylor’s acquirement agency it is affairs the assets of one of its better customers. Taylor Corp. has provided behind-the-scenes arrangement casework for the Massachusetts-based Staples Print Solutions for years.
Once the accord closes, North Mankato-based Taylor is accepted to baby to some of Staples’ bartering audience who charge printed anniversary reports, business brochures, business cards, labels and packaging, as able-bodied as agenda communications services.
“Staples and our ancestors of companies accept been trusted ally for over 20 years,” said Taylor Chief Executive Deb Taylor. “Throughout this time, we accept partnered with Staples to accommodated the advice needs of their arrangement and retail business. We are accustomed that Staples would attending to Taylor Communications and allocate us to abide to accommodate account to their barter and employees.”
Taylor backer Dale McMichael said the accord involves many, but not all, of Staples’ press assets. Staples is accepted to abide accouterment some press services. Details of the accord will be appear over the aing few days.
For now, it is accepted that the Staples plants actuality purchased are beyond the country and may accommodate accessories in Massachusetts, Omaha and Dallas.
It is not yet accepted how abounding Staples workers will become Taylor employees, McMichael said.
The Staples operations would become allotment of a anew formed subsidiary, Taylor Communications, she said.
The Standard Register Co., which Taylor Corp. bought aftermost June for $307 million, additionally will be allotment of the new subsidiary.
“We are captivated to acceptable this business into our ancestors of companies,” Taylor said.
The deals are the latest acquisitions by Taylor Corp., which is a captivation aggregation for abounding of the adapted backing of billionaire agent Glen Taylor. It has added than 80 companies and 9,000 workers.
Glen Taylor additionally owns the Star Tribune, as able-bodied as the Minnesota Timberwolves and Lynx able basketball teams.
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