Veritiv breaks ground on new $70 million Canadian HQ facility
By Canadian Packaging staff
General New Veritiv Corporation Canadian headquarters Veritiv CorporationNew facility in Mississauga to expand service capabilities and increase operational efficiencies.
MISSISSAUGA, ON—Canada’s leading facility, printing and packaging supplies distributor Veritiv has formally announced its pending move to the company’s new Canadian headquarters at brand new 470,000-square-foot (DC) distribution center currently under construction in Mississauga, Ont.
Scheduled to commence operations by the summer of 2017, the state-of-the-art facility will eventually employ about 350 people at the 125 Madill Boulevard site after the company Veritiv completes the consolidation of there existing warehouse locations it currently operates in the Toronto are.
Operating as a wholly-owned subsidiary of the Atlanta, Ga.-headquartered Veritiv Corporation, the company posted sales of $806.6 million in 2015—serving over 7,000 business customers from 16 strategically-located DCs across Canada.
“This new facility will enable Veritiv to expand our service capabilities for Canadian customers and increase the company’s operational efficiencies by consolidating our three existing facilities in the greater Toronto area,” Jason Alderman, Veritiv’s regional vice-president for Canada, stated at the official groundbreaking ceremony also attended by Veritiv’s chairman and chief executive officer Mary Laschinger and Mississauga mayor Bonnie Crombie.
According to Veritiv, the new $70-million Canadian headquarters will be one of the largest of 180 or so locations that Veritiv currently operates across North America, including Mexico.
“The City of Mississauga also offers many strategic advantages to our operations, our customers and our employees,” Alderman noted, citing its proximity to all the major highways running through the GTA (Greater Toronto Area) region.
“Bringing together Veritiv’s Toronto area team in this new, state-of-the art facility in Mississauga is an important strategic investment for our company, and it aligns with one of our business goals to integrate our operations and strengthen collaboration throughout our organization,” added Laschinger. “Canada is an important market for Veritiv,” she stressed, “and we are delighted to renew our commitment to this city and accelerate our growth across the country.”
According to Laschinger, Canada currently accounts for about seven per cent of the company’s total annual sales of US$8.7 billion, as well as 10 per cent of its worldwide workforce of about 8,000 people.
While facility supplies currently account for about 40 per cent of Veritiv’s Canadian sales, Alderman says the company intends to focus on the packaging market as the most promising growth opportunity in coming years.
“We have formed important partnerships with some of the leading packaging equipment and materials suppliers in the world to strengthen our packaging offering,” Alderman told Canadian Packaging, noting packaging currently accounts for 25 per cent of the company’s sales in Canada.
“With current market trends being what they are, I am confident that within a couple of years packaging will eclipse the commercial printing segment as our second-largest revenue generator.”
About Veritiv
Veritiv Corporation, headquartered in Atlanta and a Fortune 500 company, is a leading North American business-to-business distributor of print, publishing, packaging, and facility solutions; and also a provider of logistics and supply chain management services. Serving customers in a wide range of industries, the company has approximately 180 distribution centers throughout the U.S., Mexico and Canada, and employs approximately 8,800 team members worldwide that help shape the success of its customers. For more information about Veritiv and its business segments visit www.veritivcorp.com.
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