Platinum Equity has bought the OfficeMax business in Australia and New Zealand from US-based Office Depot for an undisclosed sum.

The sale comes one month after Platinum Equity acquired Staples’ Australia and New Zealand divisions.

“We are pleased to provide Office Depot a divestiture solution that meets the company’s needs,” said Adam Cooper, principal at Platinum Equity.

“We look forward to working with the OfficeMax management team to continue improving the company’s offering, enhancing the customer experience and driving sustainable growth.”

The office supplies retailer offers a range of cleaning products and janitorial supplies including toilet paper, tissues, hand cleaners, bathroom products, commercial cleaning equipment rubbish bins and laundry products.

The transaction is subject to regulatory approval in each country and is expected to close within the next several months.

Baker McKenzie, Bell Gully, and Greenwoods & Herbert Smith Freehills are serving as legal counsel to Platinum Equity.