Clayton, Dubilier & Rice, LLC (CD&R), New York City, N.Y., a private investment firm, has agreed to acquire Veritiv Corp. through an affiliate in a $2.3 billion deal.
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Veritiv, headquartered in Atlanta, Ga., distributes packaging, facility solutions, janitorial/sanitation products and print products. Veritiv has distribution centers across the U.S. and Mexico. It has more than 94 locations. Its first-quarter 2023 sales were $1.5 billion, down 18.7%.
“This agreement is a pivotal moment in Veritiv’s history,” said Sal Abbate, CEO of Veritiv. “CD&R’s interest in our company is a testament to our team’s hard work, innovation and dedication. Fueled by this partnership, we will continue to evolve towards our greatest potential, delivering innovative and sustainable solutions to our customers today – and into the future.”
CD&R has managed the investment of more than $40 billion in over 100 companies with an aggregate transaction value of over $175 billion.
