Springwater Capital to Acquire ADVEO's Industrial Biz
January 06, 2014
Springwater Capital has agreed to acquire ADVEO's industrial business for €16 million ($21.8 million). The deal includes ADVEO's manufacturing and distribution offices and factories in Portugal, Spain, Morocco and France, among other assets. ADVEO sells office supplies and services through distribution centers and sales offices in eight European countries. The acquisition is expected to close in the first quarter of 2014.