Veritiv Operating Company (formerly Veritiv Corporation, a.k.a. "Veritiv") is a

business-to-business Business-to-business (B2B or, in some countries, BtoB) refers to trade and commercial activity where a business sees other businesses as its customer base. This typically occurs when: * A business sources materials for its production process for ...

provider of packaging,

publishing Publishing is the activities of making information, literature, music, software, and other content, physical or digital, available to the public for sale or free of charge. Traditionally, the term publishing refers to the creation and distribu ...

, and

hygiene Hygiene is a set of practices performed to preserve health. According to the World Health Organization (WHO), "Hygiene refers to conditions and practices that help to maintain health and prevent the spread of diseases." Personal hygiene refer ...

products. Headquartered in

Sandy Springs, Georgia Sandy Springs is a city in northern Fulton County, Georgia, United States, and a suburb of Atlanta. The city's population was 108,080 at the 2020 census, making it Georgia's 7th most populous city. It is the site of several corporate headquar ...

, part of the

Atlanta metropolitan area Metro Atlanta, designated by the United States Office of Management and Budget as the Atlanta–Sandy Springs–Roswell metropolitan statistical area, is the most populous metropolitan statistical area in the U.S. state of Georgia and the sixt ...

, it has 125 operating distribution centers throughout the

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

and

Mexico Mexico, officially the United Mexican States, is a country in North America. It is the northernmost country in Latin America, and borders the United States to the north, and Guatemala and Belize to the southeast; while having maritime boundar ...

. The company is ranked 412th on the

Fortune 500 The ''Fortune'' 500 is an annual list compiled and published by ''Fortune (magazine), Fortune'' magazine that ranks 500 of the largest United States Joint-stock company#Closely held corporations and publicly traded corporations, corporations by ...

. While Mary Laschinger was the

CEO A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

, it was the largest woman-run company in

Georgia Georgia most commonly refers to: * Georgia (country), a country in the South Caucasus * Georgia (U.S. state), a state in the southeastern United States Georgia may also refer to: People and fictional characters * Georgia (name), a list of pe ...

History

Veritiv was established on July 1, 2014 upon the merger of

International Paper Company The International Paper Company is an American pulp and paper company, the largest such company in the world. It has approximately 39,000 employees, and is headquartered in Memphis, Tennessee. History The company was incorporated January 31 ...

's xpedx division with the parent company of Unisource Worldwide, at which time

completed

corporate spin-off A corporate spin-off, also known as a spin-out, starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. It is distinct ...

of the company. In August 2014, the firm leased its headquarters, in

, from

Cousins Properties Cousins Properties Incorporated is a publicly traded real estate investment trust (REIT) that invests in office buildings in Atlanta, Charlotte, North Carolina, Charlotte, Austin, Texas, Austin, Phoenix, Arizona, Phoenix, Tampa, Florida, Tampa, ...

. In September 2017, it acquired All American Containers, its first acquisition. In 2020, during the

COVID-19 pandemic The COVID-19 pandemic (also known as the coronavirus pandemic and COVID pandemic), caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), began with an disease outbreak, outbreak of COVID-19 in Wuhan, China, in December ...

, the company underwent a restructuring plan and cut its workforce by 15%. In September, CEO Mary Laschinger retired and was replaced by Salvatore A. Abbate. In November 2023, the company was acquired by

Clayton, Dubilier & Rice Clayton, Dubilier & Rice, LLC (CD&R) is an American private equity company. CD&R is the 24th oldest private equity firm in the world. CD&R has managed the investment of more than $30 billion in approximately 90 businesses, representing a bro ...

References

Veritiv Agrees To Sell Canadian Operations To Imperial Dade For Undisclosed Sum

External links

* {{Authority control 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 2023 mergers and acquisitions

History

See also

References

External links