Veritiv Operating Company, a leader in specialty packaging distribution, facility solutions and print products and solutions, announced that it has acquired the packaging distribution business of S. Walter Packaging Corp., a provider of custom packaging solutions serving retail, hospitality, food & beverage, and fashion markets.
“This acquisition supports Veritiv’s strategy to grow our core specialty packaging business, particularly in high-value segments such as retail packaging,” said Sal Abbate, Chief Executive Officer of Veritiv. “S. Walter brings a long-standing customer base and together, we will continue to grow in our ability to serve premium brands with speed, customization, and innovation.”
The addition of S. Walter complements Veritiv’s packaging distribution business, enhances our direct-to-store services and strengthens our multi-brand kitting and premium packaging capabilities. These combined strengths reinforce Veritiv as a leader in the packaging industry by delivering end-to-end solutions that meet the needs of today’s brands and retailers.
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“Becoming part of the Veritiv team marks an exciting new chapter for S. Walter, expanding our reach with Veritiv’s strengths in packaging distribution, automation, design, and fulfillment services,” said Rob Cunningham, SVP and Chief Operating Officer of S. Walter. “The road ahead is full of opportunity, and I’m confident that our combined strengths will deliver even greater value to our customers,” adds Gordon Summerfield, SVP of Sales and Marketing for S. Walter.
SOURCE: PRNewswire