Staples to Acquire Accolade Promotion Group
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Accolade, established in 1963, had 170 employees in 13 locations at the time of the acquisition. The distributor reported $75.7 million in promotional product sales for 2014. When the deal closes, Accolade will become part of the Staples family, as will Dan Craig, Accolade's managing director, who will serve as managing director for Staples Promotional Products Canada. Currently in that role for Staples, Pam Westman will lead the integration of the acquisition and spearhead global expansion for Staples Promotional Products.
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