A Greenwich-based private equity firm has completed its acquisition of the parent company of Office Depot and appointed a new CEO to lead the office supply chain.
Atlas Holdings Corp. has closed the deal almost three months after announcing the $842 million all-cash transaction.
Craig Gunckel has been appointed CEO of ODP, which was publicly traded prior to being bought by Atlas. ODP owns Office Depot and Office Max stores in the U.S. and Canada and employs more than 16,000 workers.
Gunckel has nearly three decades of leadership experience in the paper and packaging industry in both public and private companies, most recently serving as CEO of Iconex, a provider of label and receipt solutions previously owned by Atlas.
Gunckel succeeds Gerry P. Smith, who has left ODP in conjunction with completion of the transaction, which was approved by ODP’s shareholders on Dec. 5.
Atlas, which was founded in 2002, and its affiliates own and operate 30 companies that employ more than 75,000 workers across 1,200 facilities worldwide.
