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Veritiv expands in US with purchase of Subotnick Packaging
Yahoo Financeยท 2025-09-19 09:31
Core Insights - Veritiv Operating Company has acquired Subotnick Packaging, a distributor of packaging products and equipment based in Oregon, USA, with undisclosed financial terms [1] - Subotnick caters to various sectors including building materials, food, e-commerce, and transportation, providing both stock and custom packaging solutions [1] - The acquisition is expected to enhance Veritiv's core packaging platform, particularly in the strategically important Pacific Northwest region [3] Company Overview - Veritiv is based in Atlanta and provides packaging solutions along with JanSan, hygiene, print, and publishing products and services, supported by distribution centers in the US and Mexico [4] - Earlier in the month, Veritiv also acquired the packaging distribution division of S Walter Packaging, which specializes in custom packaging solutions for various industries [4][5] Strategic Alignment - Subotnick's focus on corrugated products, strapping, tape, stretch film, and packaging equipment aligns closely with Veritiv's operations, enhancing their combined capabilities [2] - Subotnick's president highlighted that joining Veritiv will allow for greater impact through Veritiv's extensive network in packaging distribution, automation, design, and fulfillment [2][3]