Veritiv
| Veritiv Logo | |
| Company type | Privately held company |
|---|---|
| Industry | Pulp and paper industry, Packaging, and Facility Supplies |
| Founded | 2007 (as Xpedx) July 1, 2014 (as Vertitiv) |
| Headquarters | Atlanta, Georgia |
Key people | Salvatore A. Abbate, CEO J. Scott Palfreeman, CFO |
| Owner |
|
| Subsidiaries | Unisource Worldwide |
| Website | www |
Veritiv, a subsidiary of Clayton, Dubilier & Rice, is a business-to-business provider of packaging, publishing, and hygiene products. Headquartered in Sandy Springs, Georgia, part of the Atlanta metropolitan area,it has 125 operating distribution centers throughout the United States and Mexico.
The company is ranked 503rd on the Fortune 500.[1] While Mary Laschinger was the CEO, it was the largest woman-run company in Georgia.[2]
History
[edit | edit source]Veritiv was established on July 1, 2014 upon the merger of the xpedx division of International Paper Company with the parent company of Unisource Worldwide.[3]
In August 2014, the firm leased its headquarters in Sandy Springs, Georgia, from Cousins Properties.[4][5]
In September 2017, it acquired All American Containers, its first acquisition.[2][6] It was sold in December 2024.[7]
In 2020, during the COVID-19 pandemic, the company cut its workforce by 15%.[8] In September, CEO Mary Laschinger retired and was replaced by Salvatore A. Abbate.[9]
In May 2022, the company sold its Canadian operations.[10]
In November 2023, the company was acquired by Clayton, Dubilier & Rice.[11]
In December 2024, the company acquired Orora Packaging Solutions.[12]
See also
[edit | edit source]References
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External links
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- 2023 mergers and acquisitions
- American companies established in 2014
- Companies based in Atlanta
- Companies formerly listed on the New York Stock Exchange
- Former components of the Dow Jones Industrial Average
- Manufacturing companies established in 2014
- Multinational companies headquartered in the United States
- Papermaking in the United States
- Pulp and paper companies of the United States