OfficeMax acquired a 19% stake in Corporate Express, a contract stationer. On August 16, 1993, OfficeMax joined Kmart and most of the other Kmart-owned banners in the "largest power center" Kmart operated in Utica, Michigan. The company then acquired BizMart, its largest acquisition (104 stores) to date, in 1993 from Intelligent Electronics. OW Office Warehouse, a Virginia-based regional chain, was acquired on June 30, 1992.
In January 1992, OfficeMax acquired five sites from Highland Superstores in Boston. In 1991, Kmart increased its stake in OfficeMax to 92%. In 1990, Office Square stores were purchased from Kmart, in exchange for a 22% equity stake. OfficeMax grew by acquisition with Office World first in November 1990, with Office World executive and Montgomery Ward becoming minority shareholders. Hurwitz left the company in 1993 and Feuer became the chairman and chief executive officer. On July 5, 1988, OfficeMax opened its first retail store in the Golden Gate Shopping Center in Mayfield Heights, Ohio. Hurwitz served as executive chairman and chief executive officer, and Feuer was the president and chief operating officer. OfficeMax was founded in Cleveland on April 1, 1988, by Bob Hurwitz and Michael Feuer.
OfficeMax in Mexico City An OfficeMax in Ann Arbor, Michigan. The first OfficeMax store, located in Mayfield Heights, Ohio. Following a 2013 merger, it is currently a brand and subsidiary of Office Depot. As an independent chain, it was the third-largest office supply retailer in the United States. OfficeMax is an American office supplies retailer founded in 1988.
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