Atlas Acquires ODP Corporation for $1 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 10 2025
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Should l Buy ?
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.
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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.
