Latest In Paper Products & Packaging Distribution
Deal creates stronger, more competitive business products distributor.
Deal expands manufacturers packaging solutions and capabilities portfolio.
Fourth quarter sales up 14.1 percent year-over-year.
Strategic, financial deals alike escalate across industry.
For the first nine months, sales were up 10.6 percent year-over-year.
Purchase expands Veritiv's rigid plastic, glass and metal packaging offerings.
Company also reports sales up 20 percent in first half of 2017.
Acquisition expands company's automation solutions capabilities.
Parent company Genuine Parts sales up 5.1 percent in second quarter.
Both companies will be integrated into WestRock's corrugated packaging business.
The transaction values Staples at $6.9 billion.
The acquisition would come a year after a halted merger between Staples and Office Depot Inc.
Ric Phillips, president of the company's industrial division, takes over in interim role.
