Veritiv Corp. Overview

Veritiv Corp.

Introduction

Veritiv Corporation in a nutshell is a B2B, that is, business-to-business packaging and supplying company. Veritiv Corporation’s overall operations focus fully on the packaging, and logistical distribution of JanSan ( products primarily made for the prevention of infection such as sanitizers) and hygiene products, solutions, and services. In addition to this, Veritiv Corporation provides print and publishing products, and supply and logistic chain management solutions. The corporation services a large number of clients and customers in a vast range of industries both in North America, as well as across the globe. Veritiv Corporation has distributive points and centers throughout the entire United States of America, and Mexico, as well as a team of members all around the world helping to shape the mission and vision of the company as well as its customer’s successes. Veritiv Corporation is proud to be ranked and enlisted on the Fortune 500 list, ranking the 412th position as one of the largest companies in the United States. The company’s vision and values speak to operating as one team giving its customers a competitive edge while utilizing exceptional services, consistent value, and innovative people. It vouches for its commitment to these values in that they help shape the company’s culture and how its operations are mapped out. In this piece, however, you would be shown a comprehensive and extensive review of the company’s dealings and their aspects. As such, all relevant information detailing its historical background, its key facts, its affiliated brands and service locations, its financial overview, as well as its pros and cons would be concisely covered to enable you to understand the significant key major elements of the company as quickly as possible.  

Key Facts 

Founding Year: Veritiv Corporation was founded in the year 2014

Industrial Ranking: Veritiv Corporation is proud to be ranked and enlisted on the Fortune 500 list, ranking the 412th position as one of the largest companies in the United States. 

Company Type: A Public Corporation (PLC) 

Industry Type: Pulp and Paper Industry 

Trading Type: Veritiv Corporation is traded on the New York Stock Exchange (NYSE) market under the ticker name, VRTV 

Workforce Strength: Veritiv Corporation has more than 6,400 employees in its workforce. 

History 

As a result of Veritiv Corporation’s relatively short year of existence, the company in its entirety could not have a long shot of historical history as with other companies with long years of existence. Nonetheless, this section will try to give a snapshot and brief history of what the company has been through since the last eight years it was founded.   

Veritiv Corporation was established on the 1st of July, 2014. The company’s headquarters is located in Atlanta, Georgia. After the merger of the multinational Paper Company’s xpedx division with the mother company of Unisource Worldwide, at that time, International Paper Company finishes the corporate spin-off of the company.  

In August 2014, the company, Veritiv Corporation rented its headquarters in Sandy Springs, Georgia, from Cousins Properties. 

In 2017, September, Veritiv Corporation acquired All American Containers, its first acquisition cut its workforce drastically by 15%. 

In the year 2020, September, CEO Mary Laschinger retired and Salvatore A. Abbate was appointed in her stead. 

Market Niches 

Veritiv Corporation corporation operates in diverse range of market niches, and as such, it targets every customer’s needs and leverages its internal expertise to give the best services ever to its counterparts. Thus, the overall operations of Veritiv Corporation are comprised of four major parts and are addressed below. 

Packaging: 

The packing niche market of Veritiv Corporation covers a substantial portion of the entire market operations of the company. This market niche leverages its dedicated team of expert and techy individuals to deliver diverse packing services to customers across all sectors. The team technically builds and develops new customs processes and new ideas that cut cost and at the time boost efficiency, while sustainably protecting your products and elevating your brands.  

Packaging Market Sub Niches 

commerce packaging 

Temperature controlled packaging  

Products 

Secure Wrap Analysis 

Packaging Design 

 Testing & FFP 

International Packaging 

Healthcare Packaging 

Kitting & Assembly 

Equipment 

Parts & Service

Facility Solution 

 

Veritiv Corporation’s philosophy is based on the fact that a facility, environment, or workplace can operate at its best only when it’s clean. However, effective and efficient cleaning goes beyond sanitizing and wiping, hence the reason the company leverage one of its subdivision to work with their respective clients whilst analyzing and improving existing and designing tailored processes to help minimize waste, enhance sustainability and reduce waste. 

Facility Solution Sub Niches 

Can Liners & Receptacles 

Cleaning Chemicals 

Foodservice  

Janitorial Supplies 

 

Personal Protection & Safety 

 Skincare 

Towels, Tissues & Wipers 

Paper & Print 

The paper and print niche market of Veritiv Corporation helps ranked the company as one of the world’s top paper manufacturers and paper suppliers. This niche market ensures customers will always get the type of products they need while utilizing its team of dedicated customer service to help solve problems and customer-related queries. 

The Paper & Print Brands 

Econosource 

Showcase  

SevilleTM  

Poliprint 

Starbrite Opaque Select  

Viv Wide Format 

ProPrint Coated Paper 

HighPoint 


Logistics 

Veritiv Corporation serves as one of North America’s largest suppliers and distributors. Veritiv Corporation leverages its logistics channels and expertise, industry-leading technology, and dependable carriers to help deliver innovative products that give customers companies an edge. Veritiv Corporation has an overall of 15, 000 dependable carriers and 24/7 dispatch that offers sustainable services to customers.    

Financial Overview 

The below financial overview highlights Veritiv Corporation’s financial snapshot in brief. 

Revenue: 6.345 Billion USD 

Net Income: 34 Million USD 

Total Equity: 583 Million USD 
Total Assets: 2.335 Million USD 
 

Veritiv Corporation Core Values 

Veritiv Corporation’s core values serve as an embodiment and life booster to the overall affairs of the company. In this section, however, a detailed overview of the company’s entire core values would be addressed.

Customer Focus: Veritiv Corporation is committed and dedicated to understanding its customers’ needs and helps in every possible way to provide solutions that not only address the problems but also by extension, adds value.  

Integrity: Veritiv Corporation strive to do the right things possible and portrays its level of integrity, consistency, honesty, and sincerely represent its capabilities.  

One Team: Veritiv Corporation cultivate and imbibe an inclusive environment by seeking to embrace diverse perspectives which helps foster collaboration and teamwork, and innovation to help deliver values for all stakeholders.  

Passion for Result: Veritiv Corporation is passionate about winning and its desire to meet operational, financial, and people’s commitments in the right way.  

People Commitment: Using an all-inclusive approach, Veritiv Corporation engages its employees in all success stages of the organization, and is dedicated to talent development and performance management.  

Operational Excellence: Veritiv Corporation works consistently to help execute, improve and measure the safety, quality, and efficiency of the work it does every single day. 



Veritiv Corporation Pros 

Offers Career Growth for its Employees: Veritiv Corporation offers career growth and progression for its employees. With its policy that supports and helps employees have a rooted and established career path, workers at Veritiv Corporation are assured to have satisfactory progress in their respective careers.

Dedicated and Committed to Sustainable Development: Veritiv Corporation is committed to giving its best in terms of delivering its Corporate Social Responsibility (CSR) as it fosters and supports both social and environmental-oriented programs. Specifically, the company supports and partners with programs like Junior Achievement, Local communities, American Red Cross, et cetera.    

Team of Expert and Techy Individuals: Veritiv Corporation’s workforce is enveloped with a team of individuals who have the capability to deliver top-notch quality services to their respective customers.  

Veritiv Corporation is ranked and recognized as one of Atalanta Business Chronicle’s, and it’s tagged with the name, “Best Place to Work” which signifies the company’s passion to create an enjoyable workplace for its employees. 

Veritiv Corporation Cons 

No Reimbursement for Expenses 

Terrible & Poor Management 

Conclusion 

Although, Veritiv Corporation is still new in the industry as compared to its counterparts, however, despite that, the corporation has continued to increase its growth exponentially since its inception hitherto this day. The secret to this is, not quite far-fetched, it is, however, the company’s ability and acumen to deceiver on time its core business niches and focus on them, while helping customers and employees derive value in their respective pursuits. Finally, with all being said in the foregoing sections of this piece, I hope your expectation, as promised in the introductory part of this piece has been met, and that you have adequately absorbed all there is to know about the Fortune 500 company, Veritiv Corporation.