ATLANTA (News release) -- Veritiv Operating Company, a leader in specialty packaging distribution, announced today that it has signed a definitive purchase agreement to sell Veritiv Containers, the company's rigid packaging business (formerly All American Containers) to TricorBraun.

"We made the decision to sell Veritiv's Containers business so that we can further focus on building our industry-leading capabilities in our core specialty packaging business," said Sal Abbate, Veritiv's Chief Executive Officer. "We greatly value this team's dedication and tenacity to serve customers and have appreciated having them as part of the Veritiv family. I am confident they will thrive with this opportunity to be aligned with a company with such a significant focus on rigid packaging. I would like to personally thank our Rigid employees for their hard work and commitment to Veritiv and we wish them all the best as part of TricorBraun. We will work closely with TricorBraun to ensure a seamless and successful transition for employees, customers, and suppliers."

The sale is subject to regulatory approval and is expected to close in the First Quarter of 2025.

TriCorBraun Release:

ST. LOUIS -- TricorBraun, a global packaging leader, announced that it has entered into an agreement to acquire Veritiv Containers, previously known as All American Containers.

Veritiv Containers is a national distributor of both custom and stock rigid packaging solutions for the food and beverage, wine and spirits, personal care, nutraceutical, and industrial sectors. The business operates from facilities across North America.

"This acquisition further enhances our North American footprint, offering customers expanded solutions and supply chain options," said Court Carruthers, president and CEO, TricorBraun. "The Veritiv team is highly respected for their expertise, focus on quality, and customer service, and we are pleased to welcome them to the TricorBraun family."

Veritiv Containers' leadership team will remain with TricorBraun and all dedicated team members will be offered positions with the company. Effective with the closing of the transaction, Veritiv Containers will operate as TricorBraun.

Guy Considine, leader of the Veritiv Containers business added "we are grateful to have been part of the Veritiv team since the acquisition of All American Containers, and we are excited to join TricorBraun because of its significant focus on rigid packaging, where we can continue to grow, develop, and take terrific care of our customers, suppliers, and team members."

The transaction is expected to close in the first quarter of 2025 after customary regulatory approval and completion conditions.