Mail Boxes Etc. Exploring Alternatives

U.S. Office Products Co. said it hired investment banker Credit Suisse First Boston to explore strategic alternatives for its Mail Boxes Etc. unit, including an initial public offering. The sale of an equity interest to one or more investors is also possible. San Diego-based Mail Boxes Etc. is the world’s largest franchiser of mail services stores, with sales of about $1.5 billion. An IPO or other equity sale could accelerate Internet commerce growth and help the company retain its leadership position, said Mail Boxes President and Chief Executive James Amos. Shares of Washington-based U.S. Office Products, which has 4,164 Mail Boxes stores worldwide, rose $1.02 to close at $3.16 on Nasdaq.