Atlanta-based specialty packaging distributor Veritiv acquired PAX Global, a distributor and converter of custom packaging products with annual revenues of approximately $45 million.
PAX Global broadens Veritiv’s presence in custom packaging across core substrates, establishes new competencies with folding carton and film converting to help increase speed to market and brings new value-added services capabilities to its existing customers. The company’s long-tenured customer base also expands Veritiv’s presence in personal care, food and pharmaceuticals.
“The acquisition represents an investment in building on our industry-leading packaging distribution capabilities by enhancing our design and international sourcing capabilities and establishing new competencies in folding carton and film converting,” Veritiv CEO Sal Abbate said in a Nov. 4 news release. “It advances our efforts to create a national platform to better serve customers and further expands our position as the leading specialty provider of value-added packaging products and solutions from design to delivery.”
The PAX Global family of companies includes Doran & Ward, DCP International and Pioneer Packaging, which collectively represent 160 years’ experience in the custom packaging market.
“At PAX Global, we have built a foundation by acquiring and building out a highly talented workforce that enables us to streamline our customers’ supply chains as a single source for design, manufacturing, procurement, project management, and distribution of custom packaging products and solutions,” PAX Global President Bruce Caldwell said.
By joining Veritiv — No. 4 on MDM’s Top JanSan, Packaging & Disposables Distributors List with a 2023 revenue of $5.9 billion — PAX Global can expand its services and reach through the company’s established commercial infrastructure, packaging procurement and distribution expertise, and enhance design and testing capabilities.
The PAX Global workforce is located across sites in Naperville, IL, Burlington, IA, Centennial, CO, and Shenzen and Hong Kong, China.
Alston & Bird served as legal advisor on the transaction for Veritiv.
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