Atlas Holdings has agreed to acquire ODP Corp., owner of Office Depot, in a $1 billion take-private deal aimed at revitalizing the struggling retail business.

Target Company Overview

Atlas Holdings has reached an agreement to acquire ODP Corp., the parent company of Office Depot, in a significant $1 billion take-private transaction. This deal represents one of the largest retail buyouts in the United States for the year, highlighting the ongoing interest of private equity firms in transforming retail companies.

ODP Corp. is known for its operations involving the Office Depot retail chain. However, the company has faced challenges in recent years, particularly with declining revenues resulting from a shift in demand for office supplies from brick-and-mortar stores to online platforms. The financial difficulties have persisted, with sales falling over the past two years and continuing into the first half of 2025.

Industry Overview

The retail industry in the United States, particularly in the business supplies sector, is undergoing transformative changes driven by technological advancements and evolving consumer preferences. As e-commerce continu