Veritiv's Strategic Acquisition to Enhance Packaging Services
Veritiv Expands Its Packaging Capabilities with Acquisition
Veritiv Operating Company is making waves within the specialty packaging distribution market by announcing a significant acquisition of Packaging Solutions. This strategic move is designed to enhance Veritiv's reach and operational capabilities in Southern California, a hub of diverse packaging needs.
Enhancing Customer Service through Strategic Growth
Sal Abbate, the Chief Executive Officer of Veritiv, expressed enthusiasm about the acquisition, emphasizing its importance in improving service delivery to customers in the region. By incorporating Packaging Solutions into its business framework, Veritiv aims to tap into a well-established customer base while leveraging its own robust distribution system.
A Commitment to Innovation and Sustainability
Abbate highlighted that the merger reflects Veritiv's commitment to providing innovative and sustainable packaging solutions. The combination of Veritiv’s extensive resources and Packaging Solutions’ entrepreneurial spirit will ultimately enhance the company’s ability to address the complexities of supply chain needs for its clients.
Complementary Expertise Brings New Opportunities
John Tree, the Owner and CEO of Packaging Solutions, shared his perspective on the acquisition. He mentioned the two-decade legacy the company has in fulfilling the packaging requirements of businesses across Southern California. He believes that by joining forces with Veritiv, they can harness the strengths of a larger organization to push for growth and enhance customer services.
Building a Robust Future Together
Both leadership teams are looking forward to this partnership as a gateway to greater opportunities. Veritiv is dedicated to fostering an environment where employees and customers alike can experience growth and satisfaction.
A Strong Legal Backbone
In terms of formal proceedings, Alston & Bird, LLP served as the legal adviser for Veritiv throughout the acquisition process. This not only showcases the significance of the transaction but also reinforces the importance of having sound legal support in corporate growth endeavors.
About Veritiv Operating Company
Veritiv, headquartered in Atlanta, is renowned as a global leader in providing specialty packaging solutions. The company has diversified its offerings to include JanSan, hygiene products, and print services, catering to a vast array of industries internationally. With distribution centers located in both the U.S. and Mexico, Veritiv is dedicated to enhancing customer success worldwide.
Frequently Asked Questions
What does the acquisition of Packaging Solutions mean for Veritiv?
The acquisition allows Veritiv to expand its presence in Southern California and improve its ability to serve customers effectively.
Who is the CEO of Veritiv?
Sal Abbate serves as the Chief Executive Officer of Veritiv Operating Company.
What type of services does Veritiv offer?
Veritiv offers specialty packaging solutions, JanSan products, hygiene supplies, and printing services.
How long has Packaging Solutions been in business?
Packaging Solutions has a rich history of over 20 years in delivering packaging solutions to businesses.
What is the goal of this acquisition?
The primary goal is to leverage both companies' strengths to provide innovative and sustainable packaging solutions to meet complex customer needs.
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