UK independent office supplies distributor OyezStraker has acquired PADS Printing & Commercial Stationery (PADS), an independent office supplies company, for an undisclosed sum. PADS employs 56 people and had a sales revenue of £2 million in the latest financial year to March, with an EBITA approaching £1 million.

OyezStraker has a turnover of more than £200 million and a customer base of over 25,000. The acquisition of PADS is OyezStraker's fourth since AAC Capital Partners acquired a majority stake in the company in June 2007 and follows the acquisitions of Halls in September 2007, Dial Stat in December 2007, and Trendex in January this year.

 

PADS will continue to trade as a separate brand, under the existing management team, benefiting from OyezStraker's national distribution infrastructure and strong financial position.

 

OyezStraker CEO Jeff Whiteway said: “We are very pleased to welcome PADS, Stephen and his team into the Group. We are confident that they will prosper in the same manner as our other acquired businesses through retaining their independence, local presence and service, while leveraging the size and expertise of OyezStraker.”