First, let
me point out that, when Service Point USA was purchased by Service Point
Solutions (SPS), SPS was known as Gruppo Picking Pack. And, back then, SP USA was known as
Charrette. And, at the time the purchase
was completed, Charrette operated two different business segments, supplies
(Charrette) and reprographics services (Charrette ProGraphics).
me point out that, when Service Point USA was purchased by Service Point
Solutions (SPS), SPS was known as Gruppo Picking Pack. And, back then, SP USA was known as
Charrette. And, at the time the purchase
was completed, Charrette operated two different business segments, supplies
(Charrette) and reprographics services (Charrette ProGraphics).
I just
updated a post I put up a couple of weeks ago (post was on Nov 13th).
updated a post I put up a couple of weeks ago (post was on Nov 13th).
The articles
in that post reveal a) that SPS (then called GPP) paid $107 mil (USD) for all of
Charrette, and, later on, b) that SPS sold off the Charrette (supplies) business
for 21 Mil Euros. Back in 2002, the USD
/ Euro exchange rate was around $1.00 (USD:EUR).
So, based on that exchange rate, SPS received
around $21 mil USD for the Charrette supplies business it sold off.
in that post reveal a) that SPS (then called GPP) paid $107 mil (USD) for all of
Charrette, and, later on, b) that SPS sold off the Charrette (supplies) business
for 21 Mil Euros. Back in 2002, the USD
/ Euro exchange rate was around $1.00 (USD:EUR).
So, based on that exchange rate, SPS received
around $21 mil USD for the Charrette supplies business it sold off.
By process
of elimination, that “kinda means” that SPS paid $86 mil (USD) for the
Charrette ProGraphics business (which was later renamed SP USA.)
of elimination, that “kinda means” that SPS paid $86 mil (USD) for the
Charrette ProGraphics business (which was later renamed SP USA.)
If the
number I’ve arrived at is even close to the price that was actually paid, it
adds – OMG – to the stunning turn of events that resulted in the abrupt shut
down of SP USA.
number I’ve arrived at is even close to the price that was actually paid, it
adds – OMG – to the stunning turn of events that resulted in the abrupt shut
down of SP USA.
Here’s a
link to the previous post I just updated:
link to the previous post I just updated:
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Reprographics 101 
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