New partnership positions ODP to expand in the
growing $16 billion hospitality industry becoming a key supplier
for in-room hotel needs
The ODP Corporation (NASDAQ:ODP) (“ODP,” or the “Company”), a
leading provider of products, services and technology solutions to
businesses and consumers, today announced a major milestone in its
B2B evolution as its subsidiary, ODP Business Solutions, entered
into a key new partnership with one of the world’s largest hotel
management organizations becoming a preferred provider for
Operating Supplies & Equipment (OS&E). Through this
agreement, ODP Business Solutions will become a strategic
distribution partner to reliably support the in-room hotel supply
needs necessary to run operations and meet their customers’
expectations. This product expansion and strategic partnership
reflects ODP Business Solutions’ continued evolution beyond office
supplies and highlights the company’s ability to leverage its
capabilities and offerings to elevate the experience to businesses
in the hospitality, healthcare and adjacent sectors.
“Our expansion in the hospitality market is a strategic step
forward, leveraging our expertise to offer the service and
compliance standards that customers in this space demand,” said
David Centrella, executive vice president of The ODP Corporation
and president of ODP Business Solutions. “This milestone aligns
perfectly with our commitment to providing broad, comprehensive
solutions and solidifies our position as a trusted partner in this
dynamic and growing industry sector.”
“This agreement represents a major inflection point in our
company’s history, positioning ODP to pursue growth in new and
growing industry segments where our core competencies resonate,”
said Gerry Smith, chief executive officer of the ODP Corporation.
“The hospitality sector, combined with other adjacent industry
segments, represents a $60 billion market opportunity for ODP
Business Solutions to showcase its next-day delivery, high-level
customer service and national supply chain coverage to a growing
industry base.
ODP Business Solutions will help hotels elevate their linen and
towel service by providing high-quality textiles for bed and bath.
It will also distribute liquid beauty products and lodging kits,
all uniquely packaged to accommodate the needs of every client and
guest. The expansion of their product portfolio also includes hotel
room technology and in-room amenities.
“These offerings reflect our commitment to delivering trusted
brands and products which perfectly supports the curated experience
we deliver to our customers every day and across every industry,”
said Nisha Brown, vice president of marketing & product
management at ODP Business Solutions.
ODP Business Solutions will continue leveraging existing
categories in cleaning, breakroom, food and safety and will focus
on adding new categories to meet the needs of its hospitality
customers across all business verticals. As a trusted provider of
Operating Supplies & Equipment (OS&E), ODP Business
Solutions’ vast portfolio supports an array of industries including
education, healthcare, manufacturing and more.
To learn more about ODP Business Solutions, visit
odpbusiness.com. Learn more about The ODP Corporation at
theodpcorp.com.
About ODP Business Solutions: ODP Business Solutions is a
trusted partner with more than 30 years of experience working with
businesses to adapt to the ever-changing world of work. From
technology transformation, sustainability, innovative workspace
design, cleaning and breakroom, and everything in between, ODP
Business Solutions has the integrated products and services
businesses need. Powered by a collaborative team of experienced
business consultants, world-class logistics, and trusted brand
names, ODP Business Solutions advances how the working world gets
work done. For more information on ODP Business Solutions, visit
www.odpbusiness.com.
ODP Business Solutions is a division of The ODP Corporation
(NASDAQ: ODP). ODP and ODP Business Solutions are trademarks of ODP
Business Solutions, LLC. Any other product or company names
mentioned herein are the trademarks of their respective owners.
About The ODP Corporation The ODP Corporation
(NASDAQ:ODP) is a leading provider of products and services through
an integrated business-to-business (B2B) distribution platform and
omnichannel presence, which includes world-class supply chain and
distribution operations, dedicated sales professionals, online
presence and a network of Office Depot and OfficeMax retail stores.
Through its operating companies Office Depot, LLC; ODP Business
Solutions, LLC; and Veyer, LLC, The ODP Corporation empowers every
business, professional, and consumer to achieve more every day. For
more information, visit theodpcorp.com.
ODP and ODP Business Solutions are trademarks of ODP Business
Solutions, LLC. Office Depot is a trademark of The Office Club,
LLC. OfficeMax is a trademark of OMX, Inc. Veyer is a trademark of
Veyer, LLC. ©2024 Office Depot, LLC. All rights reserved. Any other
product or company names mentioned herein are the trademarks of
their respective owners.
FORWARD LOOKING STATEMENTS – THE ODP CORPORATION
This communication may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements or disclosures may discuss goals, intentions
and expectations as to future trends, plans, events, results of
operations, cash flow or financial condition, or state other
information relating to, among other things, The ODP Corporation
(“the Company”), based on current beliefs and assumptions made by,
and information currently available to, management. Forward-looking
statements generally will be accompanied by words such as
“anticipate,” “believe,” “plan,” “could,” “estimate,” “expect,”
“forecast,” “guidance,” “expectations”, “outlook,” “intend,” “may,”
“possible,” “potential,” “predict,” “project,” “propose” “aim” or
other similar words, phrases or expressions, or other variations of
such words. These forward-looking statements are subject to various
risks and uncertainties, many of which are outside of the Company’s
control. There can be no assurances that the Company will realize
these expectations or that these beliefs will prove correct, and
therefore investors and stakeholders should not place undue
reliance on such statements.
Investors and shareholders should carefully consider the
foregoing factors and the other risks and uncertainties described
in the Company’s Annual Reports on Form 10-K, Quarterly Reports on
Form 10-Q, and Current Reports on Form 8-K filed with the U.S.
Securities and Exchange Commission. The Company does not assume any
obligation to update or revise any forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20250127520981/en/
Jennifer Robins Media Relations
Jennifer.Robins@theodpcorp.com
Tim Perrott Investor Relations Tim.Perrott@theodpcorp.com
Grafico Azioni ODP (NASDAQ:ODP)
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