ATLANTA (From news reports) -- Veritiv has confirmed it is evaluating restructuring options.

In a regulatory filing, Veritiv said its management would "evaluate alternatives to restructure the company's integrated supply chain in an effort to facilitate better alignment with the supply chain needs of the company's customers by segment, with a view towards reducing complexity and lowering overall supply chain costs".

What that means exactly is not clear, but the filing went on the highlight the different market dynamics and business and service needs of Veritiv's reportable segments. It also admitted that "a fully integrated, fixed-cost supply chain structure is no longer economically or operationally desirable".

There was also a reference to the "the ongoing and rapid secular decline of the paper industry" and Veritiv's moves to "adapt the cost structure necessary to support the Print segment". Sales at the group's Print unit nosedived by 21% in 2019 and were down by a similar amount in its Publishing division.

The group's Packaging and Facility Solutions segments performed better, but Veritiv still reported a net loss for the year of almost $30 million - about double that of 2018. A combination of these results and current market uncertainties have sent its share price tumbling by around 50% in the past month and it was recently trading at an all-time low.

Veritiv confirmed that no specific course of action had yet been determined and that it would not be providing further communications on this matter until the board has approved a restructuring plan, if any, or if further disclosure is deemed necessary.

At this stage though, it would seem that a break-up of the company as it currently operates could be on the cards.