In the Matter of Staples/Essendant, Inc., File No. 1810180 #01694

Submission Number:
01694
Commenter:
Susan Butterweck
State:
Pennsylvania
Initiative Name:
In the Matter of Staples/Essendant, Inc., File No. 1810180
Sycamore Partners should not be allowed to merge Staples, Inc. with Essendant. In the last 2 decades, the rise of big box and online office supply stores has killed most small and local stationers and purveyors of office supplies to businesses and consumers. Allowing further concentration of this market can only harm consumers, as well as the manufacturers and vendors of paper, pens, office fixtures and equipment. A combined Staples-Essendant will be capable of pressuring vendors for lower prices while raising prices on the end-using consumer or business. If the past behavior of private equity firms is prologue, they can also be expected to close retail locations and eliminate many jobs. Please block this merger; it will benefit Sycamore Partners and no one else.