Atlas Holdings Acquires The ODP Corporation

December 10, 2025

Atlas Holdings has completed an all-cash acquisition of The ODP Corporation (ODP) for approximately $1 billion, taking the company private. Atlas named Craig Gunckel as CEO to lead ODP’s ~16,000 employees and said the move will allow ODP to refocus on its retail (Office Depot/OfficeMax) and B2B distribution businesses as a private, more agile company.

Buyers
Atlas Holdings
Targets
The ODP Corporation
Sellers
The ODP Corporation shareholders
Industry
Retail
Location
Florida, United States
Transaction Type
Buyout

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