BOCA RATON — ODP Corporation, the parent company of Office Depot, has announced a definitive agreement to be acquired by Atlas Holdings in a transaction valued at approximately $1 billion. The deal will take the company private, marking a strategic shift for one of the most recognized names in US office supplies and business services.
Atlas Holdings, headquartered in Greenwich, Connecticut, operates a diversified portfolio of 29 companies across manufacturing, distribution, packaging, paper, and supply chain sectors. The acquisition is expected to strengthen Office Depot’s operational flexibility and long-term competitiveness in a rapidly evolving retail and B2B landscape.
ODP Corp. has faced industry headwinds in recent years, including declining demand for traditional office products and increased competition from digital platforms. Going private under Atlas Holdings is seen as an opportunity to streamline operations, invest in core services, and reposition the brand for sustainable growth.
The transaction is subject to customary closing conditions and regulatory approvals, with completion anticipated in the coming months.
Office Depot Store Picture by frankieleon
Source: ODP Corporation; Atlas Holdings; SEC filings.
