Veritiv Corporation is a business-to-business provider of packaging, publishing, and

hygiene Hygiene is a series of practices performed to preserve health. According to the World Health Organization (WHO), "Hygiene refers to conditions and practices that help to maintain health and prevent the spread of diseases." Personal hygiene refer ...

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 territori ...

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, ...

, part of the Atlanta metropolitan area. The company is ranked 412th on the Fortune 500. 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, it was the largest woman-run company in

Georgia Georgia most commonly refers to: * Georgia (country), a country in the Caucasus region of Eurasia * Georgia (U.S. state), a state in the Southeast United States Georgia may also refer to: Places Historical states and entities * Related to the ...

History

Veritiv was established on July 1, 2014 upon the merger of

International Paper Company The International Paper Company is an American pulp and paper company, the largest such company in the world. It has approximately 56,000 employees, and is headquartered in Memphis, Tennessee. History The company was incorporated January 31, ...

's xpedx division with the parent company of

Unisource Worldwide Unisource Worldwide, Inc. is a subsidiary of Veritiv and is a distributor of printing paper, packaging equipment and supplies, and facility maintenance equipment and supplies. It also provides logistics services to other companies through its tru ...

, at which time

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 prope ...

. 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 identi ...

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

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