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Veritiv

#4104

Rank

$1.67B

Marketcap

US United States

Country

Veritiv
Leadership team

Mr. Salvatore A. Abbate (CEO & Director)

Mr. Stephen J. Smith (Sr. VP & CFO)

Ms. Karen K. Renner (Sr. VP & Chief Information Officer)

Products/ Services
B2B, Logistics, Supply Chain Management
Number of Employees
1,000 - 20,000
Headquarters
Atlanta, Georgia, United States
Established
2014
Company Registration
SEC CIK number: 0001599489
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
VRTV
Social Media
Overview
Location
Summary
Veritiv Corporation operates as a business-to-business provider of value-added packaging products and services, as well as facility solutions, print, and publishing products and services in the United States and internationally. The company operates through four segments: Packaging, Facility Solutions, Print, and Publishing and Print Management (Publishing). The Packaging segment provides packaging product materials within flexible, corrugated and fiber, ancillary packaging, rigid, and equipment categories. The Facility Solutions segment sources and sells cleaning, break-room, and other supplies in various product categories that include towels and tissues, food service, personal protective equipment, cleaning chemicals, and skincare, as well as re-merchandising, budgeting and compliance reporting, and inventory management services. The Print segment sells and distributes commercial printing, writing, copying, digital, specialty products, and graphics consumables. The Publishing segment sells and distributes coated and uncoated commercial printing papers to publishers, retailers, converters, printers, and specialty businesses for use in magazines, catalogs, books, directories, gaming, couponing, retail inserts, and direct mail. This segment also provides print management, procurement, and supply chain management solutions. The company also provides transportation and warehousing solutions. It serves manufacturing, food and beverage, wholesale and retail, healthcare, transportation, property management, higher education, entertainment and hospitality, commercial printing, and publishing sectors. As of December 31, 2021, the company operated 115 distribution centers. Veritiv Corporation was incorporated in 2013 and is headquartered in Atlanta, 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 of the company.In August 2014, the company leased its headquarters, in Sandy Springs, Georgia, from Cousins Properties.In September 2017, the company acquired All American Containers, its first acquisition.In 2020, during the COVID-19 pandemic, the company underwent a restructuring plan and cut its workforce by 15%.In September 2020, CEO Mary Laschinger retired and was replaced by Salvatore A. Abbate.

Mission
We are passionate about winning and our desire to meet financial, operational, and people commitments in the right way.
Vision
ONE TEAM, SHAPING SUCCESS THROUGH EXCEPTIONAL SERVICE, INNOVATIVE PEOPLE, AND CONSISTENT VALUES. This is our commitment to our customers, our employees, our investors, and our suppliers. To fulfill this commitment, we are building a values-based culture for the company. We wouldn’t be who we are without our values, and they are an important part of our journey ahead.
Key Team

Mr. Daniel J. Watkoske (Sr. VP of Print Solutions)

Mr. Peter C. Troup (VP of Corp. Devel.)

Mr. Michael D. Walkenhorst (Sr. VP of Developing Bus.es & Global Operations)

Mr. Daniel B. Calderwood (Sr. VP of Marketing & Bus. Management)

Mr. Andrew E. Magley (Chief Accounting Officer)

Scott Palfreeman CPA (VP of Fin. & Investor Relations)

Ms. Susan B. Salyer (Sr. VP, Gen. Counsel & Corp. Sec.)

Recognition and Awards
Veritiv has won numerous awards including being named to Forbes' Top 250 Best Midsize Employers list in 2018, the Inbound Logistics Top 100 Logistics IT Provider list in 2017, and the BOSS 500 Award in 2014.
References

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Veritiv
Leadership team

Mr. Salvatore A. Abbate (CEO & Director)

Mr. Stephen J. Smith (Sr. VP & CFO)

Ms. Karen K. Renner (Sr. VP & Chief Information Officer)

Products/ Services
B2B, Logistics, Supply Chain Management
Number of Employees
1,000 - 20,000
Headquarters
Atlanta, Georgia, United States
Established
2014
Company Registration
SEC CIK number: 0001599489
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
VRTV
Social Media