Office Depot Parent ODP Corp. Goes Private in $1B Atlas Deal
The business landscape is continually evolving, and a significant development in the office supply and business solutions sector has seen The ODP Corporation, parent company of Office Depot, agree to a major acquisition. This move will see the publicly traded entity transition into a privately held company, marking a new chapter in its corporate history. The deal, which values The ODP Corporation at approximately $1 billion, underscores a strategic shift aimed at fostering future growth and adapting to dynamic market conditions. On Monday, September 22nd, The ODP Corporation announced its agreement to be acquired by an affiliate of Atlas Holdings. Atlas Holdings is renowned as an owner and operator of 29 diverse manufacturing and distribution businesses, bringing a wealth of experience in managing industrial and commercial enterprises. This all-cash transaction is anticipated to conclude by the end of the current year, subject to the customary closing conditions inherent in such large-…
