Veritiv Corporation is a business-to-business provider of packaging, publishing , and hygiene products. Headquartered in Sandy Springs, Georgia , part of the Atlanta metropolitan area ,[1] it has 125 operating distribution centers throughout the United States and Mexico .
The company is ranked 412th on the Fortune 500 .[2] While Mary Laschinger was the CEO , it was the largest woman-run company in Georgia .[3]
History
Veritiv was established on July 1, 2014 upon the merger of International Paper Company 's xpedx division with the parent company of Unisource Worldwide , at which time International Paper Company completed corporate spin-off of the company.[1] [4]
In August 2014, the firm leased its headquarters, in Sandy Springs, Georgia , from Cousins Properties .[5] [6] In September 2017, it acquired All American Containers, its first acquisition.[3] [7]
In 2020, during the COVID-19 pandemic , the company underwent a restructuring plan and cut its workforce by 15%.[8] In September, CEO Mary Laschinger retired and was replaced by Salvatore A. Abbate.[9]
In November 2023, the company was acquired by Clayton, Dubilier & Rice . [10]
See also
References
^ a b c "Veritiv Corporation 2020 Form 10-K Annual Report" . U.S. Securities and Exchange Commission .
^ "Fortune: Veritiv" . Fortune .
^ a b Mandel, Eric (September 5, 2017). "Georgia's largest woman-run company makes first acquisition since going public" . American City Business Journals .
^ Sheffield, Michael (June 11, 2014). "Merged xpedx and Unisource company will be Veritiv" . American City Business Journals .
^ Sams, Douglas (August 12, 2014). "Veritiv to relocate HQ to Sandy Springs" . American City Business Journals .
^ Trubey, J. Scott (December 4, 2014). "Veritiv to put HQ in Sandy Springs" . The Atlanta Journal-Constitution .
^ Yamanouchi, Kelly (September 5, 2017). "Sandy Springs-based Veritiv acquires All American Containers" . The Atlanta Journal-Constitution .
^ Allison, David (December 21, 2020). "Atlanta's Veritiv Corp. to expand restructuring plan, cost may hit $100M" . American City Business Journals .
^ Donnelly, Grace (September 21, 2020). "Veritiv CEO Mary Laschinger to retire, successor picked" . American City Business Journals .
^ "CD&R Completes Acquisition of Veritiv Corporation" . PR Newswire . November 30, 2023.
Veritiv Agrees To Sell Canadian Operations To Imperial Dade For Undisclosed Sum
External links