Veritiv Closes the Sale of its Rigid Containers Business to TricorBraun

PR Newswire

ATLANTA, Jan. 31, 2025

ATLANTA, Jan. 31, 2025 /PRNewswire/ -- Veritiv Operating Company, a leader in specialty packaging distribution, announced today that it has completed the sale of Veritiv Containers, the company's rigid packaging business (formerly All American Containers) to 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," said Sal Abbate, Veritiv's Chief Executive Officer. "We thank our Veritiv Containers team members for their hard work and commitment to Veritiv and we wish them much success as part of TricorBraun. I am confident they will thrive with this opportunity to be aligned with a company with such a significant focus on rigid packaging. We will continue to work closely with TricorBraun to ensure a smooth and successful transition for employees, customers, and suppliers."

Advisors

Goldman Sachs & Co. LLC served as financial advisor and Alston & Bird served as legal advisor on the transaction.

About Veritiv

Headquartered in Atlanta, Veritiv Operating Company is a leading full-service provider of packaging solutions. Additionally, Veritiv provides JanSan, hygiene, print and publishing products and services. Serving customers in a wide range of industries both in North America and globally, Veritiv has distribution centers primarily in the U.S. and Mexico, with additional resources and team members around the world helping shape the success of its customers. For more information about Veritiv and its business segments visit www.veritiv.com.

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SOURCE Veritiv Operating Company

/CONTACT: Veritiv Contacts: Nick Smith, 404-625-1275; Jennifer Chapman, 770-391-8415

(END) Dow Jones Newswires

January 31, 2025 16:03 ET (21:03 GMT)