Veritiv now a Fortune 500 company
Company named as the 323rd largest U.S. company.
June 10, 2016
by Canadian Packaging staff
ATLANTA—Veritiv Corporation—headquartered in Atlanta and a North American leader in business-to-business distribution solutions—has been named for the first time to the Fortune 500 list of the largest companies based in the U.S. With $8.7 billion in revenue in 2015, Veritiv ranks #323 on the overall list and #10 among Georgia-based companies.
For a first time mention on the Fortune 500 list, Veritv certainly powered its way past #324-500 to reach this level.
“Being named to the Fortune 500 list is truly an honor, and a widely-accepted measure of prestige in today’s global business environment. Veritiv is now among some of the most well-known and respected companies – many of which we do business with every day. With this recognition, we join the ranks of some of our largest peers, suppliers, and customers,” says Veritiv chairman and chief executive officer Mary Laschinger.
Veritiv was established in July 2014, following the merger of International Paper Company’s xpedx distribution business and Unisource Worldwide. In 2015, the company achieved solid financial results and remained focused on delivering the company’s commitments and generating value for shareholders. Last year, Veritiv also reached key integration milestones to improve efficiency and service to customers, including a singular Human Resources platform for employees and information technology improvements that will lead to a common operating system for the company.
“The Metro Atlanta area and the state of Georgia are home to some of the world’s most recognized and successful companies. We are thrilled to have Veritiv and its chairman and CEO Mary Laschinger added to this list of global leaders who call the Atlanta area home,” says Metro Atlanta Chamber president and chief executive officer Hala Moddelmog. “As the first female CEO of a Georgia-based Fortune 500, Mary’s leadership and command of business issues are welcomed by all of us who are committed to a growing and thriving Atlanta business community.”
For more information on Veritiv Corporation, access the company’s 2015 Annual Report.
Veritiv Corporation, headquartered in Atlanta, 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.