Atlas Acquires ODP Corporation for $1 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 10 2025
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Source: Newsfilter
- Acquisition Completed: Atlas Holdings has finalized its acquisition of The ODP Corporation for approximately $1 billion, enabling ODP to operate as a private entity, which will enhance its agility in executing market strategies and strengthen its competitiveness in retail and distribution sectors.
- Leadership Change: Craig Gunckel has been appointed CEO of ODP, overseeing more than 16,000 employees; with nearly three decades of leadership experience in the paper and packaging industry, he is expected to leverage his expertise to drive sustainable growth for ODP.
- Strategic Focus Shift: ODP will refocus on its core businesses, including Office Depot and ODP Business Solutions, with Gunckel emphasizing a commitment to improving customer service and operational efficiency to achieve profitable growth and increase market share.
- Positive Market Outlook: Michael Sher, Managing Partner at Atlas Holdings, expressed optimism about ODP's future as a private company, highlighting the autonomy to execute strategies that will capture new opportunities in both retail and distribution, thereby driving business growth.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
