Latest news with #MaheshShah
Yahoo
01-04-2025
- Business
- Yahoo
CoreTrust and Staples, Inc. Celebrate 15 Year Anniversary of Strategic Partnership
A 15-year milestone of collaboration and delivering value, service, and expertise to CoreTrust members, this partnership continues to enhance procurement practices and achieve outstanding results. NASHVILLE, Tenn. and FRAMINGHAM, Mass., April 1, 2025 /PRNewswire/ -- CoreTrust, a top group purchasing organization (GPO), and Staples, Inc., the nation's premier provider of workplace products and solutions, today announced the 15-year anniversary of their long-standing strategic partnership which was further extended last year in recognition of their commitment to continued collaboration. "Staples has been a trusted CoreTrust partner, consistently delivering great value, service, and expertise to our members," said Mahesh Shah, CEO of CoreTrust. "With approximately 500 new CoreTrust business members joining last year—and even faster growth this year—we're thrilled to continue this strong partnership with our sole-source provider for office products, paper, and manufacturer-supported janitorial and sanitation supplies. Staples is a partner that can scale with us and consistently add value for our members." "CoreTrust is one of our strongest strategic partners and I have the highest level of respect for Mahesh and his team," said John Lederer, CEO, Staples, Inc. "Nearly half of the business we do today with CoreTrust members comes from our key categories, and we look forward to continuing to build on that success in adjacent categories like Breakroom, Technology, Furniture, Print and Promotional Products." 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 About CoreTrust CoreTrust, a leading Group Purchasing Organization (GPO) since 2006, has been a trusted partner in indirect spend solutions, helping businesses, private equity firms, and suppliers save more and buy smarter. With over $8 billion in annual purchasing power and over 3,500 members, CoreTrust offers 125+ pre-negotiated contracts with top suppliers across key categories like corporate services, facilities, supply chain and logistics, HR, Pharmacy Benefit Management, technology, and travel. Members benefit from market-leading pricing and exclusive access to the CoreTrust Experience Platform (CXP), a digital marketplace featuring curated contracts and actionable insights for smarter procurement. Best of all, membership is free, delivering unparalleled savings and streamlined solutions for managing indirect spend. Learn more at and follow us on LinkedIn. About Staples For over 35 years, Staples has been a leader in workspace products and solutions and has thousands of experts who, paired with the latest technology innovations, help solve problems and move businesses forward. These experts make work easier, smarter, and more efficient for businesses of all sizes. The company operates in North America through eCommerce and direct sales and is headquartered near Boston, Massachusetts. Media Contacts: CoreTrust: 601 11th Avenue North, Suite 700Nashville, TN 37203media@ Staples: For Staples media inquiries, please contact publicrelations@ View original content to download multimedia: SOURCE CoreTrust Sign in to access your portfolio
Yahoo
06-03-2025
- Business
- Yahoo
ODP Business Solutions Announces New Landmark Partnership to Deliver Solutions to CoreTrust Members
New corporate services contract signals continued momentum for ODP Business Solutions in expanding relationships and serving new partners BOCA RATON, Fla., March 06, 2025--(BUSINESS WIRE)--ODP Business Solutions, a leading supplier of workplace solutions and services, and a division of The ODP Corporation (NASDAQ: ODP), today announced a Private Sector purchasing contract with CoreTrust. Through this partnership, ODP Business Solutions will offer products and services to CoreTrust's 3,500+ business member purchasing collective serving major industries including retail, manufacturing, hospitality and finance. This agreement marks the latest in a series of new contracts for ODP Business Solutions, demonstrating the company's growth into new, fast-growing industries. This new corporate services contract allows ODP Business Solutions to supply CoreTrust members with high-quality solutions, including interiors/furniture, technology, breakroom supplies, and print, promotion and apparel services at an exceptional value. These categories are expected to expand by a 4-6% compound annual growth rate (CAGR) over the next five years industry-wide, reflecting ODP Business Solutions' continuing focus on areas where there is substantial growth opportunity. "CoreTrust has tremendous reach and is known as one of the top aggregators for Fortune 1000 companies, so we are honored to leverage our portfolio of products and solutions, and our global supply chain, as a trusted new CoreTrust supplier," said David Centrella, executive vice president of The ODP Corporation and president of ODP Business Solutions. CoreTrust is a market-leading group purchasing organization (GPO) that is trusted by thousands of businesses to leverage its collective purchasing power to secure competitive supplier pricing and more favorable contract terms. With more than $7 billion in annual aggregated spend, CoreTrust members save an average of 20% on indirect spend – far surpassing what they can typically achieve independently. "We are excited to welcome ODP Business Solutions to CoreTrust's portfolio of premier suppliers," said Mahesh Shah, CEO of CoreTrust. "CoreTrust will always strive to help procurement professionals achieve greater savings for their businesses. This partnership strengthens our commitment to being the 'go-to' solution for indirect spend needs." This contract with CoreTrust represents another growth milestone for ODP Business Solutions, following recent expansions within the hospitality sector with both customers and vendors. These achievements align with the company's strategic goals of delivering a diverse range of innovative solutions to meet the evolving needs of customers across multiple industries. Similarly, CoreTrust offers its members competitive pricing on a wide array of indirect spend categories, serving a broad spectrum of sectors and categories. "This partnership is a natural fit and is mutually beneficial for both ODP Business Solutions and CoreTrust. Our operations work very similarly in that we both have a growth mindset to provide our customers and members value not only in the prices and solutions we offer, but by elevating the overall buying experience," said Nisha Brown, vice president of marketing and product management at ODP Business Solutions. To learn more about ODP Business Solutions, visit 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 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 owner 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 $7 billion in annual purchasing power and a network of 3,500+ members, CoreTrust offers access to 125+ pre-negotiated contracts with top suppliers. Key categories include corporate services, facilities, HR, technology, travel, and supply chain and logistics, delivering efficiency and value to members. 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 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 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. ©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 Contacts Press Contact: Katee Schalau6600 North Military TrailBoca Raton, FL 33496mediarelations@
Yahoo
06-03-2025
- Business
- Yahoo
CoreTrust Secures Agreement with ODP Business Solutions to Deliver New Offerings to Members
CoreTrust has partnered with ODP Business Solutions to provide its 3,500+ members with greater savings on indirect spend through an expanded supplier network. NASHVILLE, Tenn., March 6, 2025 /PRNewswire/ -- CoreTrust, a leading group purchasing organization (GPO), has partnered with ODP Business Solutions, a leading supplier of workplace solutions and services and a division of The ODP Corporation (NASDAQ: ODP), to help its 3,500+ business members save even more on indirect spend. This new corporate services contract provides CoreTrust business members with access to ODP Business Solutions' high-quality solutions, specifically including interiors/furniture, technology, breakroom supplies, and print, promotion and apparel services at an exceptional value. By adding ODP Business Solutions to its curated supplier portfolio, CoreTrust reinforces its mission to drive greater savings and value for its business members. "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 $7 billion in annual aggregated spend, CoreTrust members typically save an average of 20% on indirect spend, offering a major advantage for businesses focused on growth and profitability. 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 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 $7 billion in annual purchasing power and a network of 3,500+ members, CoreTrust offers access to 125+ pre-negotiated contracts with top suppliers. Key categories include corporate services, facilities, HR, technology, travel, and supply chain and logistics, all delivering efficiency and value to members. 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 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 Media Contact:601 11th Avenue North, Suite 700Nashville, TN 37203media@ View original content to download multimedia: SOURCE CoreTrust
