On January 31, 2025, Veritiv Operating Company, known for its specialized packaging distribution, announced the sale of Veritiv Containers, its rigid packaging segment, to TricorBraun.
Sal Abbate, Veritiv’s CEO, expressed enthusiasm about this new chapter. He noted that this move allows the company to concentrate on enhancing its main packaging business. Abbate thanked the Veritiv Containers team for their dedication and wished them well as they join TricorBraun, a company dedicated to rigid packaging. He assured that they would work closely with TricorBraun to ensure a seamless transition for everyone involved—employees, customers, and suppliers.
Goldman Sachs & Co. acted as the financial advisor, while Alston & Bird provided legal support during the transaction.
Veritiv, based in Atlanta, is a significant player in the packaging industry. Besides packaging, the company offers various products and services in janitorial, sanitation, and publishing sectors. It serves a diverse range of industries across North America and beyond, with distribution centers mainly in the U.S. and Mexico. Their global team is committed to helping customers succeed.
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