Type | Private |
---|---|
NYSE: VRTV | |
Industry | Pulp and paper industry, Packaging, and Facility Supplies |
Founded | 2007 1, 2014 (as Vertitiv) | (as Xpedx) July
Headquarters | Atlanta, Georgia |
Key people | Salvatore A. Abbate, CEO Stephen J. Smith, CFO |
Revenue | $6.345 billion (2020) |
$34 million (2020) | |
Total assets | $2.335 billion (2020) |
Total equity | $583 million (2020) |
Owner |
|
Number of employees | 6,400 (2020) |
Subsidiaries | Unisource Worldwide |
Website | www |
Footnotes /references [1] |
Veritiv Corporation is a business-to-business provider of packaging, publishing, and hygiene products. Headquartered in Sandy Springs, Georgia, part of the Atlanta metropolitan area, [1] it has 125 operating distribution centers throughout the United States and Mexico.
The company is ranked 412th on the Fortune 500. [2] While Mary Laschinger was the CEO, it was the largest woman-run company in Georgia. [3]
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. [1] [4]
In August 2014, the firm leased its headquarters, in Sandy Springs, Georgia, from Cousins Properties. [5] [6] In September 2017, it acquired All American Containers, its first acquisition. [3] [7]
In 2020, during the COVID-19 pandemic, the company underwent a restructuring plan and cut its workforce by 15%. [8] In September, CEO Mary Laschinger retired and was replaced by Salvatore A. Abbate. [9]
In November 2023, the company was acquired by Clayton, Dubilier & Rice. [10]
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.
Paychex, Inc. is an American provider of human resource, payroll, and benefits outsourcing services for small- to medium-sized businesses. With headquarters in Rochester, New York, the company has more than 100 offices serving approximately 670,000 payroll clients in the U.S. and Europe. In 2019, Paychex ranked in position 700 on the Fortune 500 list of largest corporations by revenue, and the company's revenue for fiscal year 2020 is projected to exceed $4.1 billion.
SunTrust Banks, Inc. was an American bank holding company with SunTrust Bank as its largest subsidiary and assets of US$199 billion as of March 31, 2018. The bank's most direct corporate parent was established in 1891 in Atlanta, where it was headquartered.
Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. The company was formed in December 2019 as the result of the merger of BB&T and SunTrust Banks. Its bank operates 2,781 branches in 15 states and Washington, D.C., and offers consumer and commercial banking, securities brokerage, asset management, mortgage, and insurance products and services. It is on the list of largest banks in the United States by assets; as of August 2023, it is the 9th largest bank with $514 billion in assets. As of January 2021, Truist Insurance Holdings is the seventh largest insurance broker in the world, with $2.27 billion in annual revenue.
Newell Brands Inc. is an American manufacturer, marketer and distributor of consumer and commercial products. The company's brands and products include Rubbermaid storage and trash containers; home organization and reusable container products; Contigo and Bubba water bottles; Coleman outdoor products; writing instruments glue ; children's products ; cookware and small appliances and fragrance products.
First Data Corporation is a financial services company headquartered in Atlanta, Georgia, United States. The company's STAR Network provides nationwide domestic debit acceptance at more than 2 million retail POS, ATM, and at online outlets for nearly a third of all U.S. debit cards.
PulteGroup, Inc. is an American residential home-construction company based in Atlanta, Georgia, United States. As of 2023, the company is the third-largest home-construction company in the United States based on the number of homes closed. In total, the company has built over 775,000 homes.
Universal Health Services, Inc. (UHS) is an American Fortune 500 company that provides hospital and healthcare services, based in King of Prussia, Pennsylvania. In 2022, UHS reported total revenues of $13.4b.
Novelis Inc. is an American industrial aluminum company, headquartered in Atlanta, Georgia, United States. It is an independent subsidiary of multinational aluminium and copper manufacturing company Hindalco Industries. Novelis is a producer of rolled aluminum and an aluminum recycler. The company serves customers in sectors including beverage cans, automotive, aerospace, consumer electronics, construction, foil and packaging.
WestRock is an American corrugated packaging company. It was formed in July 2015 after the merger of MeadWestvaco and RockTenn. WestRock is the 2nd largest American packaging company. It is one of the world's largest paper and packaging companies with US$21.3 billion in annual revenue and more than 50,000 team members in more than 300 locations in 30 countries around the world. The company is headquartered in Sandy Springs, Georgia, consolidating offices from Norcross, Georgia and Richmond, Virginia.
Deluxe Corporation is an American payments and business technology company. Its four business divisions comprise payments, cloud, promotional products, and checks. As of 2020, Deluxe has approximately 4.5 million small businesses and 4,000 financial institutions as customers. As part of its services, Deluxe produces personal and business checks as well as offering marketing, web development, web hosting, and fraud protection services.
The Atlanta economy is the 10th largest in the country and 18th in the world with an estimated 2014 GDP of over $324 billion. Atlanta is one of ten U.S. cities classified as an "alpha-world city" by a 2010 study at Loughborough University, and ranks fourth in the number of Fortune 500 companies headquartered within city boundaries, behind New York City, Houston, and Dallas. Several major national and international companies are headquartered in metro Atlanta, including seven Fortune 100 companies: The Coca-Cola Company, Home Depot, United Parcel Service, Delta Air Lines, AT&T Mobility, and Newell Rubbermaid. Other headquarters for some major companies in Atlanta and around the metro area include Arby's, Chick-fil-A, Earthlink, Equifax, First Data, Foundation Financial Group, Gentiva Health Services, Georgia-Pacific, NCR, Oxford Industries, RaceTrac Petroleum, Southern Company, Mirant, and Waffle House. Over 75% of the Fortune 1000 companies have a presence in the Atlanta area, and the region hosts offices of about 1,250 multinational corporations. As of 2006 Atlanta Metropolitan Area ranks as the 10th largest cybercity in the US, with 126,700 high-tech jobs.
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 truck fleet and warehouses.
Packaging Corporation of America is an American manufacturing company based in Lake Forest, Illinois. The company has about 15,500 employees, with operations primarily in the United States. The CEO is Mark W. Kowlzan.
Everbridge, Inc. is an American enterprise software company that offers applications which provide information about critical events to help with personal safety and business continuity. Formerly known as 3n Global and the National Notification Network, Everbridge began operations in 2002. In an emergency, Everbridge sends messages via telephone, text message and email, but stop once they know that a person has read a message. An app allows emergency managers to track geotagged tweets that contain specific hashtags and use this information to respond to incidents as they occur.
Magellan Health Inc., is an American for-profit managed health care company and subsidiary of Centene that's focused on special populations, complete pharmacy benefits and other specialty areas of healthcare. Magellan supports innovative ways of accessing better health through technology, while remaining focused on the critical personal relationships that are necessary to achieve a healthy, vibrant life. Magellan's customers include health plans and other managed care organizations, employers, labor unions, various military and governmental agencies and third-party administrators. It ranked 390 on the Fortune 500 in 2021.
Mary Laschinger is the former chairman and chief executive officer of Veritiv.
Global Payments Inc. is an American multinational financial technology company that provides payment technology and services to merchants, issuers and consumers. In June 2021, the company was named to the Fortune 500. The company processes payments made through credit cards, debit cards, and digital and contactless payments.
Laschinger is a surname. Notable people with the surname include:
Glenridge Hall was a historic property in Sandy Springs, Georgia, United States. The house was built in 1929 and listed on the National Register of Historic Places in 1982. The site was demolished and delisted in 2015.
https://finance.yahoo.com/news/veritiv-agrees-sell-canadian-operations-150239661.html