ATLANTA, Sept. 5, 2017 /PRNewswire/ -- Veritiv Corporation
(NYSE: VRTV) – a North American leader in business-to-business
distribution – today announced it has completed the acquisition of
All American Containers, a family-owned and operated leading
distributor of rigid packaging, including plastic, glass and metal
containers, caps, closures and plastic pouches.
"The acquisition of All American Containers aligns well with our
strategy of investing in higher growth and higher margin segments
of our business," said Mary
Laschinger, Chairman and CEO of Veritiv. "Through this
acquisition, Veritiv is gaining important expertise in rigid
plastic, glass and metal packaging that complements our
industry-leading portfolio of packaging products and services. Over
the past two decades, All American Containers has experienced
significant year-over-year growth that can be attributed to the
leadership and dedication of the company's ownership and
employees."
The acquisition provides Veritiv additional marketing, selling
and distribution channels into the growing U.S. rigid packaging
market. The rigid packaging market's primary segments include
paperboard, plastics, metal and glass.
Headquartered in Miami, FL, All
American Containers had trailing twelve month revenues of
approximately $225 million as of
June 30, 2017. The company has
approximately 260 employees and more than 1 million square feet of
warehousing facilities strategically located in Miami and Tampa,
FL; Atlanta, GA;
Somerset, NJ; Pittsburgh, PA; Chicago, IL; Houston, TX; Kalama,
WA; Catano, Puerto Rico;
and in Simi Valley, Windsor,
Santa Rosa and San Leandro,
CA.
About Veritiv
Veritiv Corporation (NYSE: VRTV),
headquartered in Atlanta and a
Fortune 500® company, is a leading North American
business-to-business distributor of packaging, facility solutions,
print and publishing products and services; and also a provider of
logistics and supply chain management solutions. Serving customers
in a wide range of industries, the Company has approximately 160
operating distribution centers throughout the U.S., Canada and Mexico, and employs approximately 8,700 team
members that help shape the success of its customers. For
more information about Veritiv and its business segments
visit www.veritivcorp.com.
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SOURCE Veritiv Corporation