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Sat, Nov 18, 2017 23:56
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Veritiv acquires All American Containers

SANDY SPRINGS, Ga. (From news reports) -- Veritiv announced it has acquired Miami-based packaging distributor All American Containers.

Veritiv CEO Mary Laschinger said in a written statement that the deal is part of a strategy to invest in "higher growth and higher margin segments."

The deal allows the company to gain expertise in plastic, glass and metal containers, and to add distribution channels in the rigid packaging market.

Veritiv did not disclose terms of the deal, but said All American Containers has about $225 million in trailing twelve-month revenues as of June 30, 2017.

All American Containers has about 260 employees and warehouse facilities in Atlanta; Miami; Tampa; Somerset, N.J.; Pittsburgh; Chicago; Houston; Kalama, Wa.; Catano, Puerto Rico; and Simi Valley, Windsor, Santa Rosa and San Leandro, Calif.

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