Veritiv Corporation
NYSE : VRTV

Veritiv Corporation

August 10, 2016 08:00 ET

Veritiv Corporation Announces New Canadian Headquarters and Warehouse in Mississauga, Ontario

New facility to expand service capabilities and increase operational efficiencies

MISSISSAUGA, ONTARIO--(Marketwired - Aug. 10, 2016) -

Editors Note: There is a photo associated with this press release.

Veritiv Corporation (NYSE:VRTV), a North American leader in business-to-business distribution solutions, today announced the construction of its new Canadian headquarters and warehouse in Mississauga, Ontario.

"This new facility will enable Veritiv to expand our service capabilities for Canadian customers and increase the company's operational efficiencies by consolidating our three existing facilities in the greater Toronto area," said Jason Alderman, Regional Vice President - Canada for Veritiv. "The City of Mississauga also offers many strategic advantages to our operations, our customers, and our employees."

"Bringing together Veritiv's Toronto area team in this new, state-of-the art facility in Mississauga is an important strategic investment for our company, and it aligns with one of our business goals to integrate our operations and strengthen collaboration throughout our organization," said Mary Laschinger, Chairman and CEO for Veritiv. "Canada is an important market for Veritiv, and we are delighted to renew our commitment to this city and accelerate our growth across the country."

Located at 125 Madill Boulevard, Mississauga, the new facility will be one of the largest for Veritiv in North America. The new facility, which includes approximately 410,000 square feet of warehouse space and another 42,000 square feet of office space, is expected to be fully operational by summer 2017. The building will host approximately 350 employees with additional capacity for future expansion.

In Canada, Veritiv employs approximately 950 people, has a fleet of approximately 115 tractor-trailer units, and a network of 17 warehouses. The company was also recently named to the Fortune 500® list.

About Veritiv

Veritiv Corporation (NYSE:VRTV), headquartered in Atlanta and a Fortune 500® company, is a leading North American business-to-business distributor of print, publishing, packaging, and facility solutions; and also a provider of logistics and supply chain management services. Serving customers in a wide range of industries, the Company has approximately 180 distribution centers throughout the U.S., Mexico and Canada, and employs approximately 8,800 team members worldwide that help shape the success of its customers. For more information about Veritiv and its business segments visit www.veritivcorp.com.

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