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.
History
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.[2]
In August 2014, the firm leased its headquarters in Sandy Springs, Georgia, from Cousins Properties.[3][4]
In September 2017, it acquired All American Containers, its first acquisition.[5][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
- List of Georgia companies
External links
References
- Fortune: Veritiv Fortune^
- Michael Sheffield. Merged xpedx and Unisource company will be Veritiv American City Business Journals, June 11, 2014^
- Douglas Sams. Veritiv to relocate HQ to Sandy Springs American City Business Journals, August 12, 2014^
- J. Scott Trubey. Veritiv to put HQ in Sandy Springs The Atlanta Journal-Constitution, December 4, 2014^
- Eric Mandel. Georgia's largest woman-run company makes first acquisition since going public American City Business Journals, September 5, 2017^
- Kelly Yamanouchi. Sandy Springs-based Veritiv acquires All American Containers The Atlanta Journal-Constitution, September 5, 2017^
- TricorBraun to Acquire Veritiv's Rigid Containers Business, Further Expanding Its North American Footprint PR Newswire, December 9, 2024^
- David Allison. Atlanta's Veritiv Corp. to expand restructuring plan, cost may hit $100M American City Business Journals, December 21, 2020^
- Grace Donnelly. Veritiv CEO Mary Laschinger to retire, successor picked American City Business Journals, September 21, 2020^
- Veritiv Closes Sale of Canadian Operations to Imperial Dade PR Newswire, May 2, 2022^
- CD&R Completes Acquisition of Veritiv Corporation PR Newswire, November 30, 2023^
- Veritiv Completes Acquisition of Orora Packaging Solutions PR Newswire, December 11, 2024^