LAVAL, QC, Jan. 23, 2014 /CNW Telbec/ – On January 22nd, 2014, Novexco,
the largest group of independent retailers in the business solutions
sector for various workplaces in Eastern Canada, acquired the Canadian
division of Lyreco effective January 1st, 2014.

This decision meets the business objectives of both companies because
Lyreco was in a phase of strategic review in Canada and Novexco was
seeking to become a player Canada-wide.

“We are thrilled to be able to integrate such expertise and
effectiveness of Lyreco Canada into our operations, and we believe that
Novexco will be in a better position than ever to strengthen its
original mission to provide innovative business solutions designed to
build customer satisfaction and loyalty across Canada” stated Robert de
Montigny, President and CEO of Novexco.

“I am convinced that the combined operations of Novexco and Lyreco
Canada will create a much stronger player on the Canadian market place.
In addition, the creation of our strategic partnership will enable us
to serve our international customers with an enhanced proposition”
declared Steve Law, CEO of Lyreco.

About Lyreco

Lyreco is a privately-owned provider of workplace supplies solutions to
the business community and a leader in business-to-business office
products solutions. With 10,000 employees including a sales force of
over 4,500 people, its core expertise is in the focus on customer
service and distribution excellence. As well as being market leader in
Europe, Lyreco is also present in Australia and Asia operating in 26
countries. The group generated sales of € 2.0 billion in 2013. Adding
partners, it covers 44 countries over 5 continents. The sales partners
of Lyreco are:

– Africa : WALTONS (South Africa, Namibia and Mozambique)
– Americas: INFORSHOP (Brazil), MARKEN (Argentina), WB MASON (USA),
NOVEXCO (Canada)
– Asia: ASKUL (Japan), COMIX (China), BENIR E-STORE SOLUTIONS (India),
OFFICEPRO (Taiwan)
– Europe: SAMSON/OFFICEMAG (Russia), RTC (Romania), AKOFFICE (Turkey),
OFFICEDAY (Estonia, Latvia and Lithuania)
– Oceania: OFFICE PRODUCTS DEPOT (New Zealand)

For more information please visit www.lyreco.com

About Novexco

Novexco is a 100% canadian-owned office products buying group composed
of independent dealers. Novexco serves both business and consumer
markets throughout her network of BuroPLUS and Club express stores,
independent resellers as well as direct sales to businesses. Since her
foundation, in 1996, Novexco has given herself the mission of providing
her partners with innovative solutions (procurement, marketing, IT)
aiming the satisfaction and loyalty of her clienteles. With 14,000
products warehoused, Novexco is a parter of choice for the independent
dealers in the industry. Novexco is a member of BGPI, the largest
worldwide organisation composed of independent dealers in the industry.
Novexco operates and develops an ERP system specific to the industry
(OFFIX) and 4 web sites. The company’s head office and main
distribution center is located in Laval QC and employs more than 250
people.

SOURCE Novexco Inc.

Image with caption: “Logo. (CNW Group/Novexco Inc.)”. Image available at: http://photos.newswire.ca/images/download/20140123_C4730_PHOTO_EN_35797.jpg