Pewaukee OfficeMax closing Saturday

Future of Office Depot unclear after feds deny merger

One of the state’s last remaining OfficeMax stores will close May 14 with the shuttering of the Pewaukee location.

The store at 1275 W. Capitol Drive has offered transfers to Office Depot locations to its staff, according to an employee who did not want to be identified.

Office Depot Inc. acquired OfficeMax Inc. in 2013 and announced it would close at least 400 locations in a move expected to save the company $75 million by the end of 2016. Other OfficeMax locations in the Milwaukee area are in the process of converting to Office Depot stores, including stores in New Berlin and Point Loomis Shopping Center on 27th Street in Milwaukee.

Despite the merger, the struggling office supply chain remains in trouble.

Earlier this week, a federal judge haulted a $6.3 million merger of Staples and Office Depot, saying the deal would eliminate head-to-head competition between Staples and Office Depot and likely lead to higher prices and lower quality of service for larger business that buy office supplies.

 

 

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