The ODP Corporation Forms New OMNIA Partners Agreement to Provide Hospitality Products and Services
MWN-AI** Summary
The ODP Corporation (NASDAQ: ODP) has entered into a new partnership with OMNIA Partners to enhance its offerings in the hospitality sector through its ODP Business Solutions division. OMNIA Partners is recognized as the largest group purchasing organization in the U.S., serving diverse sectors, both public and private. Under this agreement, ODP Business Solutions will supply OMNIA Partners members with a range of hospitality-focused products and services, including high-quality linens, terry cloth towels, bathroom amenities, and in-room supplies.
David Centrella, Executive Vice President of The ODP Corporation, emphasized that this partnership highlights their capability to cater to a vast array of needs in the hospitality industry. With an estimated $16 billion segment focused on hospitality products and services, this collaboration positions ODP Business Solutions as a critical resource for OMNIA Partners’ diverse membership.
Jeff Gillmer, Senior Vice President of Private Sector Sales at OMNIA Partners, added that ODP's extensive selection and robust supply chain will offer significant value and savings to hospitality organizations. The partnership is designed to optimize purchasing power and streamline procurement processes, ultimately aiming to reduce costs, enhance operational efficiency, and improve the guest experience in the hospitality sector.
The creation of this strategic alliance not only reinforces ODP’s commitment to expanding its market presence but also illustrates OMNIA Partners' dedication to providing members with access to high-quality products and services. As both organizations work together, they aim to create a more efficient purchasing landscape for those involved in the hospitality industry.
MWN-AI** Analysis
The recent announcement by The ODP Corporation (NASDAQ: ODP) regarding its strategic partnership with OMNIA Partners to provide hospitality products and services is a noteworthy development for investors and market analysts. This collaboration represents a significant growth opportunity for ODP Business Solutions as it seeks to penetrate the hospitality sector, a $16 billion industry. With OMNIA Partners being the leading group purchasing organization, their alliance suggests ODP is well-positioned to leverage economies of scale and optimize supply chain efficiencies.
From a market perspective, this partnership can enhance ODP's competitive advantage. As the hospitality sector continues to rebound post-pandemic, businesses are increasingly focused on cost efficiency and value-driven purchasing. ODP’s diverse range of high-quality products, including linens and bathroom amenities, aligns with the needs of OMNIA's members, providing significant cross-selling opportunities.
Moreover, the emphasis on operational efficiency and guest experience enhancement resonates well within the hospitality industry, which is continuously striving for improved service quality. As stated by executives from both companies, this partnership is not just about product offerings; it's also about providing comprehensive solutions that support hospitality operators in reducing costs and optimizing their procurement processes.
For potential investors, this development could signal an upward trajectory for ODP's stock performance due to the anticipated revenue growth from this contract. However, it is essential to monitor the execution of the partnership and the broader market dynamics affecting the hospitality sector. Investors should also remain aware of potential risks, such as fluctuations in demand or competition from other suppliers.
In summary, The ODP Corporation's partnership with OMNIA Partners is a promising step forward, likely to spur growth and provide investors with opportunities in the evolving market landscape of the hospitality industry.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Strategic partnership accelerates ODP Business Solutions’ growth in hospitality sector
The ODP Corporation (NASDAQ:ODP), a leading provider of products, services and technology solutions to businesses and customers, today announced a hospitality purchasing contract with OMNIA Partners through the ODP Business Solutions division, a reliable supplier of workplace solutions and services. OMNIA Partners is the nation’s largest and most experienced group purchasing organization for the public and private sectors. With this contract, ODP Business Solutions will provide members hospitality-focused products and services , such as high-quality linens, terry cloth towels, bathroom amenities and all other in-room supplies.
“Our growing collaboration with OMNIA Partners is a testament to our ability to support a multi-faceted and expansive customer base across the hospitality industry,” said David Centrella, executive vice president of The ODP Corporation and president of ODP Business Solutions. “Our solutions and services are as diverse as OMNIA Partners’ membership and their needs, making this an ideal partnership that expands our presence in the hospitality sector.”
Products and services supporting the hospitality industry represent a growing $16 billion segment, and OMNIA Partners members are a key part of this sector.
"Adding ODP Business Solutions’ products and solutions is a perfect addition to the OMNIA Partners portfolio," said Jeff Gillmer, Senior Vice President of Private Sector Sales at OMNIA Partners. "Its high-quality selection of products and solutions and global supply chain will undeniably deliver greater value and savings to the organizations we serve.”
OMNIA Partners is advancing its presence in the hospitality segment by providing members with greater purchasing power, streamlined procurement, and access to high-quality, hospitality-focused products and services. This partnership underscores OMNIA Partners’ commitment to helping hospitality operators reduce costs, improve operational efficiency and elevate the guest experience.
About The ODP Corporation
The ODP Corporation (NASDAQ:ODP) is a leading provider of products, services, and technology solutions 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 ODP Business Solutions, LLC; Office Depot, LLC; and Veyer, LLC, The ODP Corporation empowers every business, professional, and consumer to achieve more every day. For more information, visit theodpcorp.com .
About OMNIA Partners
As your ally in the purchasing process, OMNIA Partners is dedicated to improving the way your organization identifies, evaluates and procures what they need at the best value. With free membership, you’ll gain immediate access to our portfolio of leading national suppliers as well as OPUS — our ecommerce platform where you can buy online and check product availability. Additionally, access to spend visibility, analytics, and guidance from subject matter experts collaboratively identify more strategic and efficient ways to procure. We are here to help you optimize procurement for your organization. Discover a better way to buy at www.omniapartners.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. To learn more about 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. ©2025 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250825591962/en/
Allison Wolfe
Media Relations
mediarelations@odpbusiness.com
FAQ**
How does the strategic partnership between The ODP Corporation (ODP) and OMNIA Partners specifically enhance ODP Business Solutions' market presence in the hospitality sector?
What metrics will The ODP Corporation (ODP) use to measure the success of its hospitality-focused product offering through this partnership with OMNIA Partners?
In what ways does The ODP Corporation (ODP) plan to leverage its supply chain capabilities to add value to OMNIA Partners’ members in the hospitality industry?
What unique challenges does The ODP Corporation (ODP) anticipate facing in the hospitality segment, and how might the OMNIA Partners partnership help mitigate these risks?
**MWN-AI FAQ is based on asking OpenAI questions about The ODP Corporation (NASDAQ: ODP).
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