Veritiv Expands Packaging Solutions Through Strategic Acquisition
Veritiv Enhances Its Packaging Division
Veritiv Operating Company is making waves in the world of packaging distribution by acquiring S. Walter Packaging Corp. This strategic move marks a significant milestone in Veritiv's journey towards becoming a leader in specialty packaging solutions.
A New Chapter with S. Walter
Acquiring S. Walter Packaging Corp. allows Veritiv to broaden its service offerings in high-value segments, particularly in retail packaging. This new relationship is anticipated to drive growth in Veritiv's core specialty packaging business.
Sal Abbate, the Chief Executive Officer of Veritiv, expressed enthusiasm about the acquisition, highlighting that S. Walter brings a long-standing customer base that is invaluable in supporting premium brands. This collaboration is set to foster innovations, pushing the boundaries of what is possible in packaging solutions.
Strengthening the Packaging Distribution Business
The integration of S. Walter’s expertise adds depth to Veritiv’s packaging distribution capabilities. This transition enhances direct-to-store services and boosts multi-brand kitting and premium packaging, positioning Veritiv as a go-to expert in providing end-to-end solutions tailored to meet the dynamic needs of modern brands and retailers.
Comments from Leadership
Rob Cunningham, S. Walter's SVP and Chief Operating Officer, described this partnership as an exciting new chapter in the company’s evolution. Leveraging Veritiv's strengths in packaging distribution, automation, design, and fulfillment will open new avenues for growth and customer service.
Along with Cunningham, Gordon Summerfield, the SVP of Sales and Marketing for S. Walter, emphasized the promising potential to deliver exceptional value to their customers through this collaboration. The future appears bright for both companies as they move forward together.
S. Walter: A Legacy of Innovation
S. Walter Packaging Corp. has been a recognized name in the custom packaging and promotional products sector since 1904. With a dedicated team of 110 employees, they have made their mark by delivering high-quality packaging solutions to their clients.
Although the primary operations are based in Pennsylvania, particularly in Trevose and Shoemakersville, S. Walter's innovative strategies and customer-focused approach have enabled them to cultivate a strong reputation nationwide.
Legal and Advisory Support
McDermott Will & Schulte provided legal counsel to Veritiv during this significant acquisition, ensuring that the transaction aligns with strategic business goals and supports the mutual growth objectives of both parties.
About Veritiv Operating Company
Veritiv Operating Company, headquartered in Atlanta, stands as a premier full-service provider of packaging solutions, in addition to offering a wide range of JanSan, hygiene, and print products. With a strong presence in various industries across North America and beyond, Veritiv focuses on empowering its customers to achieve their business goals through efficient service delivery.
Possessing a network of distribution centers, primarily in the U.S. and Mexico, Veritiv taps into global resources and experienced team members to ensure its customers experience unparalleled success. Their commitment to innovation and service excellence makes Veritiv a trusted partner in packaging solutions.
Frequently Asked Questions
What is the significance of Veritiv's acquisition of S. Walter Packaging Corp.?
This acquisition strengthens Veritiv's presence in specialty packaging and enhances their service offerings in premium retail markets.
Who is Sal Abbate?
Sal Abbate is the CEO of Veritiv Operating Company and plays a vital role in steering the company's strategic initiatives.
What impact will the acquisition have on customers?
Customers can expect improved service capabilities, innovative packaging solutions, and greater customization options through the joint efforts of Veritiv and S. Walter.
What is the history of S. Walter Packaging Corp.?
Founded in 1904, S. Walter has established a solid reputation for its expertise in custom packaging and promotional products.
Where is Veritiv headquartered?
Veritiv Operating Company is headquartered in Atlanta, Georgia, and operates across North America and globally.
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