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Veritiv expands in US with purchase of Packaging Solutions
Yahoo Financeยท 2025-10-16 10:01
Core Insights - Veritiv Operating Company has acquired Packaging Solutions, enhancing its specialty packaging distribution capabilities in southern California [1][2] - The financial terms of the acquisition remain undisclosed, and Alston & Bird served as legal adviser to Veritiv [1] - The acquisition aims to integrate Packaging Solutions' offerings and expand Veritiv's operations in the region [1][3] Company Expansion - The acquisition is part of Veritiv's strategy to strengthen its reach and ability to serve customers in southern California [2] - Packaging Solutions brings a well-established customer base, contributing to Veritiv's national platform expansion [3] - Veritiv's CEO emphasized the combination of its strength with the entrepreneurial spirit of smaller family businesses [3] Employee and Customer Integration - Veritiv looks forward to integrating Packaging Solutions' employees, customers, and suppliers into its operations [4] - The acquisition is expected to enhance Veritiv's ability to deliver innovative and sustainable products and services [4] Historical Context - Packaging Solutions has over 20 years of experience in providing end-to-end packaging solutions in southern California [4] - In September 2025, Veritiv also acquired Subotnick Packaging and the packaging distribution division of S Walter Packaging, indicating a broader trend of expansion in the packaging sector [5]