Veritiv

Veritiv is a business-to-business distribution company serving organizations with packaging, publishing, paper, hygiene, and related facility products. The company was created on July 1, 2014, through the combination of International Paper's xpedx distribution division and Unisource Worldwide, bringing together established distribution operations serving commercial and industrial customers. Rather than functioning primarily as a consumer-facing packaged-goods brand, Veritiv operates as an intermediary and solutions provider: it sources products from manufacturers, manages inventory and distribution, and helps customers select, configure, and implement materials for packaging, printing, workplace, and facility requirements. Its business scope has historically included packaging materials and equipment, printing and publishing papers, office-related supplies, and hygiene or facility products. Packaging is a central area of the business, covering materials and services used to protect, present, bundle, and ship goods. The publishing and printing activities serve commercial printers, publishers, and other users of paper and graphic-media products. Hygiene and facility offerings extend the customer relationship into workplace consumables and operational supplies. This portfolio gives Veritiv a role across several stages of a customer's supply chain rather than limiting it to a single product category. Veritiv established its headquarters in the Atlanta metropolitan area and has been described as operating 125 distribution centers across the United States and Mexico. The company also historically maintained Canadian operations, which it sold in 2022. Its geographic footprint and distribution infrastructure are important parts of its value proposition because customers can use Veritiv for procurement, warehousing, delivery, and technical or application support. The business therefore competes on availability, service coverage, product breadth, and the ability to simplify purchasing for commercial accounts. The company pursued portfolio expansion after its formation. In September 2017, it acquired All American Containers, its first acquisition. That business broadened Veritiv's presence in container and packaging distribution, although Veritiv later sold it in December 2024. During the COVID-19 pandemic, Veritiv reduced its workforce by 15 percent, reflecting the operational and commercial pressures affecting the company during that period. In September 2020, longtime chief executive Mary Laschinger retired and Salvatore A. Abbate became CEO. Veritiv was publicly traded under the ticker VRTV until its acquisition by Clayton, Dubilier & Rice in November 2023. Following that transaction, it became a subsidiary of the private-equity firm rather than an independently listed public company. In December 2024, Veritiv acquired Orora Packaging Solutions, adding another packaging-distribution business to its portfolio. Veritiv's current identity is consequently that of a privately owned, North American business-to-business distributor focused especially on packaging, while retaining capabilities in publishing, hygiene, and facility-related products.

Veritiv was formed on July 1, 2014, through the merger of International Paper's xpedx division with Unisource Worldwide. The transaction created a dedicated business-to-business distributor serving packaging, printing, publishing, office, hygiene, and facility-related needs. Its operating model combined product sourcing with warehousing, distribution, and customer support, allowing commercial customers to obtain a broad range of materials through one distribution network. Soon after its formation, Veritiv established a headquarters presence in Sandy Springs, Georgia, in the Atlanta metropolitan area. The company developed a large distribution footprint, later described as comprising 125 operating distribution centers in the United States and Mexico. This network supported customers that required dependable product availability and delivery across multiple locations. The company also had Canadian operations, giving it a broader North American presence during part of its history. Veritiv's development included both organic operations and acquisitions. In September 2017, it bought All American Containers, described as its first acquisition. The deal expanded the company's packaging-distribution capabilities and increased its exposure to container products. Veritiv subsequently adjusted its portfolio by selling its Canadian operations in May 2022 and selling All American Containers in December 2024. The COVID-19 pandemic created significant operational pressure. In 2020, Veritiv reduced its workforce by 15 percent. That same year, Mary Laschinger retired as chief executive in September and Salvatore A. Abbate became CEO. Laschinger's tenure was notable in Georgia business reporting because Veritiv was described as the state's largest woman-run company while she led it. Veritiv was publicly traded under the symbol VRTV before its acquisition by Clayton, Dubilier & Rice in November 2023. The transaction changed the company's ownership structure and ended its role as an independently listed public company. Under CD&R ownership, Veritiv continued operating as a packaging and business-products distributor. In December 2024, it acquired Orora Packaging Solutions, reinforcing packaging as a major part of its portfolio while the company retained its broader publishing, hygiene, and facility-supply activities. The resulting enterprise is best understood as a distribution and solutions company rather than a conventional consumer brand. Its importance comes from the infrastructure and expertise it provides to business customers: product selection, supply management, warehousing, fulfillment, and delivery across a large regional network. Its history reflects the consolidation of established distribution businesses, periodic portfolio changes, leadership transition, a shift from public to private ownership, and renewed expansion in packaging.

• 2024

  Portfolio changes in packaging distribution

  [1]Veritiven.wikipedia.org

  Veritiv sold All American Containers and acquired Orora Packaging Solutions in December 2024.

• 2023

  Acquired by Clayton, Dubilier & Rice

  [1]Veritiven.wikipedia.org

  Clayton, Dubilier & Rice acquired Veritiv in November 2023, taking the company private.

• 2022

  Canadian operations sold

  [1]Veritiven.wikipedia.org

  Veritiv sold its Canadian operations in May 2022.

• 2020

  Pandemic workforce reduction and CEO transition

  [1]Veritiven.wikipedia.org

  Veritiv reduced its workforce by 15 percent during the COVID-19 pandemic. Mary Laschinger retired as CEO in September and Salvatore A. Abbate succeeded her.

• 2017

  First acquisition: All American Containers

  [1]Veritiven.wikipedia.org

  Veritiv acquired All American Containers in September 2017, expanding its packaging-distribution portfolio.

• 2014

  Veritiv is established

  [1]Veritiven.wikipedia.org

  Veritiv begins operations on July 1, 2014, following the merger of International Paper's xpedx division and Unisource Worldwide.

• 2014

  Atlanta-area headquarters established

  [1]Veritiven.wikipedia.org

  In August 2014, Veritiv leased headquarters space in Sandy Springs, Georgia, in the Atlanta metropolitan area.

A North American business-to-business distributor that combines packaging products, paper and publishing materials, hygiene supplies, and facility solutions with inventory, fulfillment, and customer support capabilities.

• Packaging

  Packaging products and solutions

  Packaging is a core Veritiv business. The company distributes packaging materials, containers, supplies, and related solutions used to protect, ship, present, and organize products. Its role can include product sourcing, inventory management, fulfillment, and support for business customers with recurring or specialized packaging requirements.

• Publishing and commercial printing · 2014

  Printing and publishing papers

  Veritiv distributes paper and related materials for publishers, commercial printers, and other organizations involved in print production. This offering reflects the company's origins in established paper and graphic-media distribution businesses and complements its packaging activities.

• Hygiene and facility supplies

  Hygiene products

  The company's hygiene portfolio serves organizational and workplace needs through business-to-business distribution of hygiene-related products. These products broaden Veritiv's customer relationship beyond packaging and paper into recurring facility and operational supplies.

• Workplace supplies

  Office and facility supplies

  Veritiv's office and facility activities cover supplies used to maintain workplaces and business facilities. They form part of the company's broader distribution proposition, in which customers can consolidate procurement of operational products through a business-focused supplier.

• 2024

  Acquire Orora Packaging SolutionsM&A

  Background

  Veritiv continued to emphasize packaging distribution under private ownership.

  Action taken

  The company acquired Orora Packaging Solutions in December 2024.

  Aftermath

  The acquisition expanded Veritiv's packaging-distribution portfolio.

  Source

• 2023

  Accept Clayton, Dubilier & Rice acquisitionM&A

  Background

  Veritiv was a publicly traded business-to-business distribution company before the transaction.

  Action taken

  Clayton, Dubilier & Rice acquired Veritiv in November 2023.

  Aftermath

  Veritiv became a subsidiary of CD&R and ceased to operate as an independently listed public company.

  Source

• 2022

  Sell Canadian operationsStrategy

  Background

  Veritiv adjusted its geographic portfolio after operating across a broader North American footprint.

  Action taken

  The company sold its Canadian operations in May 2022.

  Aftermath

  The referenced material does not specify the transaction value or the buyer.

  Source

• 2017

  Acquire All American ContainersM&A

  Background

  Veritiv sought to expand its packaging-distribution activities after its 2014 formation.

  Action taken

  The company acquired All American Containers in September 2017, its first acquisition.

  Aftermath

  All American Containers later left the portfolio when Veritiv sold it in December 2024.

  Source

• 2024

  Veritiv sells All American Containers[1]Veritiven.wikipedia.org

  M&A

  Veritiv sold All American Containers in December 2024, reversing part of the portfolio expansion associated with its first acquisition.

• 2024

  Veritiv acquires Orora Packaging Solutions[1]Veritiven.wikipedia.org

  M&A

  Veritiv acquired Orora Packaging Solutions in December 2024, expanding its packaging-distribution activities.

• 2023

  Clayton, Dubilier & Rice acquires Veritiv[1]Veritiven.wikipedia.org

  M&A

  Veritiv was acquired by Clayton, Dubilier & Rice in November 2023 and became a subsidiary of the private-equity firm.

• 2022

  Veritiv sells its Canadian operations[1]Veritiven.wikipedia.org

  Other

  The company sold its Canadian operations in May 2022 as part of a change to its geographic portfolio.

• 2020

  Veritiv reduces workforce during the COVID-19 pandemic[1]Veritiven.wikipedia.org

  Other

  Veritiv cut its workforce by 15 percent during the pandemic period as it responded to the business and operating pressures associated with COVID-19.

• 2020

  Mary Laschinger retires as Veritiv CEO[1]Veritiven.wikipedia.org

  Leadership change

  Mary Laschinger retired as chief executive in September 2020 and was succeeded by Salvatore A. Abbate.

1. 1Veritiven.wikipedia.org
2. 2Veritiv official websiteveritivcorp.com