The St. Paul, Minnesota-based company was founded in 1851 and was one of the largest and oldest independent contract stationers in the United States. This website uses cookies to improve your experience while you navigate through the website. Also in May 2001, Buhrmann announced that it would cut between 1,000 and 1,200 jobs worldwide in response to weakening economic conditions that were resulting in softening sales of office products. Within five years, the company's revenues had grown from $32 million to a staggering $3.2 billion, a 58 percent increase over 1995 revenues of $1.89 billion, blowing analysts' previous-year estimates away, and the company declared a 50 percent share dividend of its common stock, giving each shareholder an additional share of stock for every two shares held. Keeping Track Starting a business involves planning, making key decisions, and filing the appropriate federal, state, and local registrations. Find answers to frequently asked questions or contact our dedicated Business Support Center. Business Express provides personalized delivery service for all your important documents and products. You can even receive a discount when you "overdraft". January saw the company acquiring Hermann Marketing, Inc. (HMI), the largest privately held supplier of promotional products to large corporations in the United States, Canada, the United Kingdom, and the Netherlands, in a 4.6 million share stock swap. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Accepting BE Dollars means more loyal, repeat customers. In addition to maintaining its number one position in the Australian market through its ownership of a 52 percent interest in Corporate Express Australia Ltd., Corporate Express, Inc. also bolstered its position in Europe through the amalgamation of Buhrmann office supplies operations there and became the number two player in that market. In November, the company purchased the remaining 49 percent interest in The Chisholm Group in a stock swap and with options of up to $3.3 million, pushing the international operations of the company to account for approximately 18 percent of the company's total revenue. Among these was the acquisition of New Jersey-based Hanson Office Products, which was purchased from the U.K. firm Hanson PLC. Desiring to repeat with NBI the strategy that had worked for his small Boulder store, Rysavy needed to install a computer system to analyze NBI's market and customers. The company that same month moved into its new world headquarters in Broomfield, Colorado, which consisted of four interconnected octagons totaling 160,000 square feet of space; located at One Environmental Way, the building reflected Rysavy's commitment to the environment in that all materials for the building were chosen with the environment in mind.
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