Atlas Holdings has successfully completed the acquisition of The ODP Corporation in an all-cash transaction valued at approximately $1 billion.
Craig Gunckel has been appointed as the new CEO of ODP, leading the company's retail business with over 16,000 employees in the U.S. and Canada.
The transaction was approved by ODP's shareholders on December 5, 2025, marking ODP as a private company with significant strategic shifts.
Acquisition Completion
Atlas Holdings finalized the acquisition of ODP for $1 billion, marking a significant milestone in the business transformation.
New CEO Appointment
Craig Gunckel, with extensive leadership experience in the industry, takes the reins as CEO of ODP, emphasizing a renewed strategy and operational focus.
Strategic Shift to Private Company
With shareholder approval, ODP transitions to a private and independently operated entity, exiting the NASDAQ stock exchange.
- The acquisition opens new opportunities for ODP as a private company, enabling strategic autonomy and focused growth in both retail and distribution sectors.
- Craig Gunckel's appointment brings a wealth of experience to lead ODP's operations, aligning with Atlas Holdings' vision for enhanced operational efficiency and revenue growth.
The ODP Corporation enters a new era post-acquisition, poised for strategic growth and operational enhancements under the leadership of Craig Gunckel. The shift to a private company signals a fresh chapter with potential for sustained profitability and market competitiveness.