NACD Member Veritiv Corporation announced this week that it has entered into a definitive agreement to be acquired by an affiliate of Clayton, Dubilier & Rice. This private investment firm has managed the investment of more than $40 billion in over 100 companies.
Sal Abbate, Chief Executive Officer of Veritiv says: “This agreement is a pivotal moment in Veritiv’s history. 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.” Read the press release.
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