#United States #Atlanta #TricorBraun #Veritiv #Containers

Veritiv's Strategic Sale of Rigid Containers Business

In a significant move for both companies, Veritiv Operating Company has finalized the sale of its rigid containers business, formerly known as All American Containers, to TricorBraun. This transaction marks a pivotal moment in Veritiv's strategic direction, allowing the company to concentrate on strengthening its core competencies in specialty packaging distribution.

The deal, announced on January 31, 2025, is expected to enhance Veritiv’s operational focus and capabilities. Sal Abbate, the CEO of Veritiv, expressed gratitude towards the team members of Veritiv Containers for their dedication, while also wishing them success as they transition to their new environment under TricorBraun.

"With the completion of the sale of our Veritiv Containers business, we can further focus on building our industry-leading capabilities in our core specialty packaging business," Abbate stated. His confidence reflects the potential for a seamless integration and a fruitful future for the Veritiv Containers team now aligned with a company with a strong focus on rigid packaging.

The transaction had financial backing from Goldman Sachs & Co. LLC serving as the financial advisor, while Alston & Bird provided legal guidance on this important shift. The strategic decision is not only about selling off a division; it is about honing in on what Veritiv does best in a highly competitive industry.

Located in Atlanta, Veritiv operates as a full-service provider of packaging solutions, dispensing not just rigid containers but also a range of products including JanSan, hygiene, print, and publishing offerings. This latest sale reinforces the company’s commitment to its overarching goal — optimizing its specialty packaging segment on a global scale.

TricorBraun, renowned for its dedication to rigid packaging solutions, is expected to fully leverage the capabilities of the Veritiv Containers team, bringing their expertise into the fold. This alignment is projected to benefit not only the employees affected but also customers and suppliers as both companies transition smoothly into their new roles.

Future Directions

As Veritiv looks ahead, the focus remains crystal clear: enhancing the quality and breadth of their specialty packaging solutions. The company operates a diverse network of distribution centers primarily across the U.S. and Mexico, empowering customers in various industries with innovative packaging solutions designed to meet their unique needs. This sale is a significant milestone in Veritiv's journey, streamlining resources and sharpening its focus to propel future growth.

Veritiv’s commitment to operational excellence and customer satisfaction underscores its market leadership while fostering an environment that likely leads to continued innovations and improvements in packaging services. As this new chapter unfolds, keeping a close watch on Veritiv and TricorBraun's developments will be pivotal for stakeholders across the board.

For more details on Veritiv's business segments or the latest updates in the packaging industry, visit Veritiv's official website.