Irish independent dealer Codex has acquired family-owned office furniture supplier DB Office Supplies.
The deal is intended to strengthen Codex’s office furniture arm, which has already grown 225% since 2019, and has seen a 30% increase in sales this year as companies continue to transition to a hybrid working environment. The reseller currently offers office fit-outs, space design, furniture allocation as well as office supplies, with the takeover set to expand its overall range of products and services.
Codex CEO Patrick Murphy said: “DB Office Supplies is a perfect fit and a key part of our growth strategy as we look to expand in areas beyond the traditional office supplies market, while its unrivalled industry knowledge and 30 years of supply chain management will accelerate our growth in the B2B furniture sector.”
Terms of the deal were not disclosed.