Veritiv Corporation is a

business-to-business Business-to-business (B2B or, in some countries, BtoB) is a situation where one business makes a commercial transaction with another. This typically occurs when: * A business is sourcing materials for their production process for output (e.g., a ...

provider of packaging,

publishing Publishing is the activity of making information, literature, music, software and other content available to the public for sale or for free. Traditionally, the term refers to the creation and distribution of printed works, such as books, newsp ...

, and hygiene products. It has 125 operating distribution centers throughout the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

and

Mexico Mexico (Spanish: México), officially the United Mexican States, is a country in the southern portion of North America. It is bordered to the north by the United States; to the south and west by the Pacific Ocean; to the southeast by Guatema ...

. It is headquartered in

Sandy Springs, Georgia Sandy Springs is a city in northern Fulton County, Georgia and an inner ring suburb of Atlanta. The city's population was 108,080 at the 2020 census, making it Georgia's seventh-largest city. It is the site of several corporate headquarters, i ...

, part of the

Atlanta metropolitan area Metro Atlanta, designated by the United States Office of Management and Budget as the Atlanta–Sandy Springs–Alpharetta, GA Metropolitan Statistical Area, is the most populous metropolitan statistical area in the U.S. state of Georgia and the ...

. The company is ranked 412th on the

Fortune 500 The ''Fortune'' 500 is an annual list compiled and published by ''Fortune'' magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years. The list includes publicly held companies, along ...

. While

Mary Laschinger Mary Laschinger (born circa 1959) is the former chairman and chief executive officer of Veritiv. While she was the CEO of Veritiv, it was the largest woman-run company in Georgia. Early life and education Laschinger was born around 1959 and ...

was the

CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

, it was the largest woman-run company in Georgia.

History

Veritiv was established on July 1, 2014 upon the merger of International Paper Company's xpedx division with the parent company of Unisource Worldwide, at which time International Paper Company completed

corporate spin-off A corporate spin-off, also known as a spin-out, or starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. Characte ...

of the company. In August 2014, the company leased its headquarters, in

, from

Cousins Properties Cousins Properties Incorporated is a publicly traded real estate investment trust (REIT) that invests in office buildings in Atlanta, Charlotte, Austin, Phoenix, Tampa, and Chapel Hill, North Carolina. The company has developed notable propertie ...

. In September 2017, the company acquired All American Containers, its first acquisition. In 2020, during the

COVID-19 pandemic The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identif ...

, the company underwent a restructuring plan and cut its workforce by 15%. In September 2020,

retired and was replaced by Salvatore A. Abbate.

References

https://finance.yahoo.com/news/veritiv-agrees-sell-canadian-operations-150239661.html?guccounter=1&guce_referrer=aHR0cHM6Ly9kdWNrZHVja2dvLmNvbS8&guce_referrer_sig=AQAAAABYLR7kTRekwxrCSDk1kkELKLUkbshByFCItyHhB7q-bNdD8xv9bp6J6c0S3MmzV7vDHJ2tcCwQnyWE5W6hGUhFuaHNdJ4cq4soSmwMZ2EfyWsILoK5rwUc6LsevYoYLMImAnovtSXzVpezSMPBKK5wIcgdQvfHkZFYr-Wo9arg

External links

* {{Authority control American companies established in 2014 Companies based in Atlanta Companies listed on the New York Stock Exchange Former components of the Dow Jones Industrial Average Manufacturing companies established in 2014 Multinational companies headquartered in the United States Papermaking in the United States Pulp and paper companies of the United States

History

See also

References

External links