PAX Global broadens Veritiv's custom packaging offering and expands the distributor's presence in personal care, food and pharmaceuticals.
Latest In Veritiv
Veritiv plans to purchase Orora Packaging, enhancing its packaging and supply chain capabilities with OPS’s North American presence and global operations.
Atlanta-based packaging distributor Veritiv added Vivabox Solutions to bolster its existing kitting and assembly capabilities.
The company announced its 2Q earnings one day after saying it would be acquired by Clayton, Dubilier & Rice for $2.3B.
It's just CD&R's latest major investment in the B2B distribution space.
See the key financial figures reported by three major industrial manufacturers and distributors.
Despite 4Q net sales dropping 10.8% from the prior year, full-year 2022 net income was $337.9 million, the company said.
Distribution Solutions Group had its inaugural earnings report following the April 1 merger of Lawson Products, TestEquity and Gexpro Services.
Veritiv says the food service packaging and janitorial supply distributor has signed an agreement to buy Veritiv Canada, Inc.
Veritiv’s sales for the first quarter were down 8.7% from the same quarter a year ago.
Other C-suite moves at Veritiv include the retirement of Mary A. Laschinger, current chairman and CEO, and the appointment of Stephen E. Macadam as chairman of the board.
