NXP to acquire NZ Office Supplies

NXP to acquire NZ Office Supplies after being placed in voluntary administration.

NXP, the largest supplier of business and cleaning products to the corporate and government sectors, has entered into an agreement to acquire NZ Office Supplies.

NZ Office Supplies, which has offices in Auckland, Wellington and Christchurch was placed in voluntary administration last week.

NZ Office Supplies has more than 2000 customers around New Zealand and the exclusive distribution rights for Fuji Xerox office supplies and copy paper.

Joe Taylor, CEO of NXP, said the company’s 34 employees around the country will be offered a new contract at the same rate of pay they are currently on.

“These are incredibly challenging and uncertain times for business and their staff, and we wanted to move quickly to reassure employees that all will have a job available to them and, for company’s customers, it will be business as usual,” he says.

Taylor said the NZ Office Supplies staff have been receiving the government wage subsidy however the new employment contracts will mean a welcome return to their normal pay levels if they choose to accept them – including the company’s managing director.

He said the accelerated acquisition will see the local ownership retained.

“We understand many Kiwi businesses are hurting in the current trading environment and we saw this as an opportunity to bring together two New Zealand owned companies with shared values under the same umbrella,

“Existing customers of the business will receive the same great service and be able to place orders across the wide range of products as they always have.”

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