CoreTrust Secures Agreement with ODP Business Solutions to Deliver New Offerings to Members
Rhea-AI Summary
CoreTrust, a leading group purchasing organization (GPO), has announced a partnership with ODP Business Solutions, a division of The ODP (NASDAQ: ODP), to enhance savings opportunities for its 3,500+ business members. The agreement focuses on providing access to ODP's workplace solutions, including interiors/furniture, technology, breakroom supplies, and print/promotion services.
CoreTrust, which manages over $7 billion in annual aggregated spend, typically helps members achieve an average 20% savings on indirect spend. Through this collaboration, ODP Business Solutions gains access to CoreTrust's valuable business member base, while CoreTrust members benefit from ODP's 30-year expertise and strong supply chain capabilities.
The partnership reinforces CoreTrust's position as a procurement leader, offering free membership, pre-negotiated supplier contracts, spend analysis, and streamlined onboarding processes for organizations seeking cost efficiency.
Positive
- Access to new revenue stream through 3,500+ CoreTrust members
- Expansion of B2B distribution network
- Strategic partnership with major GPO managing $7B annual spend
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, ODP gained 8.29%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
CoreTrust has partnered with ODP Business Solutions to provide its 3,500+ members with greater savings on indirect spend through an expanded supplier network.
"CoreTrust is a 'must-have' for procurement professionals seeking savings in indirect spend and great service from suppliers," said Mahesh Shah, CEO of CoreTrust. "By partnering with ODP Business Solutions, CoreTrust strengthens its reputation as the trusted purchasing partner for indirect spend needs. It's the procurement industry's best-kept secret."
With over 30 years of expertise, ODP Business Solutions brings a strong supply chain and a diverse portfolio of workplace solutions to CoreTrust members. By partnering with CoreTrust, ODP Business Solutions not only creates new savings opportunities for CoreTrust members but also gains access to CoreTrust's valued business member base, creating a mutually beneficial collaboration between two market leaders.
CoreTrust leverages the aggregated buying power of its business members to secure competitive supplier pricing and contract terms that surpass what most organizations can achieve independently. With over
David Centrella, Executive Vice President of The ODP Corporation and President of ODP Business Solutions, shared his enthusiasm: "CoreTrust has tremendous reach and is known as one of the top aggregators in the business for Fortune 1000 companies. We are honored to leverage our portfolio of products and solutions, and our global supply chain as a new CoreTrust supplier to bring high-value offerings to members."
CoreTrust invites businesses to explore the benefits of joining its procurement network. With free membership, instant access to pre-negotiated supplier contracts, spend analysis and tailored spend category recommendations, and easy onboarding, CoreTrust has helped thousands of organizations achieve greater cost savings and efficiency. Learn more at www.coretrustpg.com.
About CoreTrust
Since 2006, CoreTrust has been a trusted group purchasing organization (GPO), helping businesses save on indirect spend, private equity firms improve portfolio performance, and suppliers drive growth. With
Members enjoy market-leading pricing and exclusive access to the CoreTrust Experience Platform (CXP), a digital marketplace with curated contracts and actionable insights for smarter procurement. Membership is free, offering unmatched savings and simplified solutions for managing indirect spend. Learn more at www.coretrustpg.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.
Media Contact:
601 11th Avenue North, Suite 700
media@coretrustpg.com
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SOURCE CoreTrust